For Canada's Family Firms, on Average

question 4

Multiple Choice

For Canada's family firms, on average:

• A) 3 out of 10 make it to the second generation; 1 out of 10 makes it to the third generation
• B) 3 out of 10 make it to the second generation; 1 out of 20 makes it to the third generation
• C) 5 out of 10 make it to the second generation; 2 out of 10 make it to the third generation
• D) 5 out of 10 make it to the second generation; 1 out of 20 makes it to the third generation
• E) 7 out of 10 make it to the second generation; 2 out of 10 make it to the third generation

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Definitions:

Brand Competitors

Companies that offer similar products or services and compete in the same market segment for consumer attention and sales.

Malcolm Baldrige National Quality Award

An award given by the U.S. government to recognize U.S. organizations for their achievements in quality and performance excellence.

Discontinuous Objectives

Goals that require a significant shift or change in organizational strategy or behavior, often leading to transformative outcomes.

Competitive Environments

The dynamic external system in which businesses compete for resources, customers, and market position.