A family business has a primary benefit which is derived from the strength of family relationships.What is this benefit?
A) The family business often gets special financial treatment from banks.
B) Customers receive higher quality products from family run businesses.
C) Suppliers tend to give better pricing to businesses run by family.
D) Family members have a unique motivation because the firm is a family firm.

Question

Quizplus · Accepted Answer

The strength of family relationships in a family business creates a unique motivation for family members to work together towards the success of the firm. This motivation is not present in non-family businesses and can lead to a stronger commitment and dedication from family members.

A Family Business Has a Primary Benefit Which Is Derived