Bret first opened his hardware store in 1946.His sons took over when Bret retired,and now Bret's grandchildren run the store.This type of family business is known as:
A)a sibling partnership.
B)a franchise.
C)a cousin consortium.
D)an owner-managed business.

Question

Quizplus · Accepted Answer

A cousin consortium refers to a family business where ownership and management have passed down to the cousins, typically the grandchildren of the original founder.

Bret First Opened His Hardware Store in 1946