Which of the following is a characteristic of most Mittelstand firms?

Question

Quizplus · Accepted Answer

Mittelstand firms are small to medium-sized enterprises (SMEs) in Germany that are often family-owned and specialize in niche products or services. Emphasis on low price guarantees is not a common characteristic as Mittelstand firms often focus on producing high-quality, innovative products rather than competing on price. Similarly, reliance on global supply chains and dependence on foreign investors are also not common as Mittelstand firms often have a strong regional presence and financing from local sources.

Which of the Following Is a Characteristic of Most Mittelstand