Asked by
Quang Tr??ng
on Dec 10, 2024Verified
Stan owns a body shop, and his cousin recently came to him desperate to get a job. Stan, who is not currently looking to hire anyone, is concerned about the effect of a new hire on profits. This concern stems from which family business perspective?
A) family
B) ownership
C) marketing
D) external
Family Business Perspective
A viewpoint that emphasizes the unique dynamics and challenges faced by businesses where ownership and management are controlled by members of the same family.
External
Factors or influences that exist or happen outside of the organization and can impact its operations or performance.
Ownership
The state or fact of possessing something, such as a business or property.
- Comprehend the special dynamics and considerations characteristic of family-run businesses.
Verified Answer
CC
Learning Objectives
- Comprehend the special dynamics and considerations characteristic of family-run businesses.