Which of the following is true as an advantage of businesses run by a group of tight-knit family members?

Question

Quizplus · Accepted Answer

Communication-based integration is most effective in family-owned businesses as tight-knit family members are more likely to communicate effectively and have a shared vision and values, which can lead to better decision-making and teamwork. Succession issues and role conflicts are common challenges in family-owned businesses, and a board of members may still be present in larger family-owned companies.

Which of the Following Is True as an Advantage of Businesses