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.
Correct Answer:
Verified
Q59: The break-even point is defined as
A)the time
Q60: Which personality test believes that a person
Q61: A person who wants to start a
Q62: Sarah works as a supervisor in a
Q63: Which of the following is NOT a
Q65: Incubators for small businesses include all of
Q66: A prospective small business owner wants a
Q67: Business incubators work best with which of
Q68: The _ is defined as the level
Q69: In the context of entrepreneurship, which of
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents