In a family business, the family's primary function is to ensure the profitability and survival of the business.

Name: In a family business, the family's primary function is to ensure the profitability and survival of the business.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The primary function of the family in a family business is to provide governance, values, and vision for the business, while profitability and survival are important goals, they are not the sole function of the family's involvement.

In a Family Business, the Family's Primary Function Is to Ensure