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Which of the Following Is an Advantage That Family Businesses

Question 64

Multiple Choice

Which of the following is an advantage that family businesses enjoy over nonfamily-owned businesses?


A) Family businesses have the ability to cheaply produce large numbers of a product, whereas nonfamily-owned businesses can only produce small volumes of a product.
B) Family businesses can afford to fill niches within markets that nonfamily-owned businesses cannot afford to fill.
C) Individuals in family businesses are often willing to work at times and in conditions that employees in nonfamily-owned businesses would not accept.
D) Family businesses are able to respond quickly to change around them, whereas nonfamily-owned businesses are often slow to react to changes.

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