A unique factor in a family business that makes it different from all other businesses is ______.

A) the profit margin
B) the asset ownership
C) the sales potential
D) the intricate succession planning needed

Intricate Succession Planning

A detailed and comprehensive approach to developing and implementing strategies for passing leadership roles within an organization to ensure continuity.

Family Business

A commercial organization in which decision-making is influenced by multiple generations of a family related by blood, marriage, or adoption who have a vested interest in the firm's success.

Profit Margin

A financial metric indicating the percentage of revenue that exceeds the cost of goods sold, showcasing how much the company earns compared to its sales.