What are the two types of family groups? Why does the family play ...

[OSWALD]

What are the two types of family groups? Why does the family play an important role in affecting business activities across the world?
 
  What will be an ideal response?

Question 2

Which of the following is true about networks?
 
  A) Networks are neither formal organizations with clearly defined hierarchical structures nor impersonal, decentralized markets.
  B) In networks, buyers and sellers share no linkages and rarely interact with each other.
  C) In a network, continued interaction among partners leads to competition and rivalry that bring down productivity.
  D) Networks represent the economically beneficial short-term relationships the firm undertakes with other business entities.

[honnalora]

Answer to Question 1

There are two different types of family groups:
The nuclear family consists of a person's immediate relatives, including parents, brothers, and sisters. This concept of family prevails in Australia, Canada, the United States, and much of Europe.
The extended family broadens the nuclear family and adds grandparents, aunts and uncles, cousins, and relatives through marriage. It is an important social group in much of Asia, the Middle East, North Africa, and Latin America.
Extended families can present some interesting situations for businesspeople unfamiliar with the concept. In some cultures, owners and managers obtain supplies and materials from another company in which someone from the extended family works. Gaining entry into such family arrangements can be difficult because quality and price are not sufficient motives to ignore family ties.
In extended-family cultures, managers and other employees often try to find jobs for relatives inside their own companies. This practice (called nepotism) can present a challenge to the human resource operations of a Western company, which typically must establish explicit policies on the practice.

Answer to Question 2

A

[OSWALD]

Thank you

[honnalora]

No problemo