Family businesses have many problems.The issue,who will run the business when the current family head leaves,is called a __________ problem.

Question

Quizplus · Accepted Answer

Succession is the term used to describe the process of passing leadership and management of a family business from one generation to the next. It is a common problem for family businesses, as the next generation may not always be interested, capable, or prepared to take over the business. This can lead to conflicts and disagreements within the family, as well as uncertainty for the future of the business. Therefore, option B is the correct answer.

Family Businesses Have Many Problems