While Recent Surveys Show That a Majority of Owners of Family-Owned

question 33

True/False

While recent surveys show that a majority of owners of family-owned businesses want to keep the business in the family,owners think their main obstacle to doing so is their family's desire to run the business.

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Definitions:

Franchise Outlet

A retail location operating under a licensed brand or business model granted by the franchisor.

Self-employed Service

A business model where individuals offer their skills and services directly to clients without being employed by a company, often requiring entrepreneurship and independence.

Entrepreneurial Success

The achievement of desired goals and outcomes as a result of starting and growing a business venture, often measured by revenue, growth, and influence.

Classic Entrepreneurs

Individuals who start businesses with the goal of innovation and growth, often driven by a desire to create new market opportunities.