One weakness of a family business is the tendency of family members to leave quickly when the business "falls on hard times."

Question

Quizplus · Accepted Answer

This statement is not always true. Family members may have a greater sense of loyalty and commitment to the business, even in challenging times. Additionally, families may have established contingency plans or strategies to weather difficult periods. However, in some cases, family members may also be more likely to leave if they perceive the risk to be too high or if they have competing priorities or interests.

One Weakness of a Family Business Is the Tendency of Family