A ________Business Is the One in Which Multiple Members of the Same

question 19

Multiple Choice

A ________business is the one in which multiple members of the same family are involved as major owners or managers, either contemporaneously or over time

• A) Family
• B) Small
• C) Lone founder firm
• D) Large

---

Definitions:

Medical Clinic

A healthcare facility primarily focused on the care of outpatients, offering diagnostic and treatment services.

Porter's Five Forces Model

A framework developed by Michael E. Porter used to analyze an industry's structure and competition, focusing on five competitive forces.

Potential Rivals

Entities not currently competing in a market but have the capability to enter and become competitors if they choose to do so.

Immediate Rivals

Competitors operating in the same market space, offering similar products or services to the same customer base.