Answer to Question #299263 in English for ...

Question

financial thing generations solving weaknesses run communicate quality compete last owned manage planning enthusiasm hours fail changing profitable realistic pass down

The Challenge of Running a Family Business

In the United States, families own about 85% of all businesses. However, less than 30% of these companies ___(1)___ more than 20 years. The companies fail, and the owners can’t ___(2)___ the family businesses to their sons and daughters. Why is it so difficult for a family business to survive? One reason may be ___(3)___ times. Fifty years ago, many families owned local grocery stores. But today, small family owned stores cannot ___(4)___ with large supermarket chains.

Answer 1

1) Last

2) Pass

3) Changing

4) Compete