Question

Both the story of the Bingham family and the story of the Blethen family show

a. why family businesses must continue to grow to provide opportunities for family members to stay involved.
b. how family-run newspapers have responded to the change in the newspaper industry.
c. the role of the board in family firm management.
d. the importance of conveying family responsibility between generations.

Answer 1

The stories of both the Bingham family and the Blethen family illustrate b. how family-run newspapers have responded to the change in the newspaper industry.

Step-by-step explanation:

The provided options describe different aspects of family businesses. Option B aligns closely with the changes and challenges faced by family-run newspapers, as highlighted by the stories of the Bingham and Blethen families. In the context of the newspaper industry, these families navigated shifts in technology, media consumption habits, and economic dynamics. Their experiences shed light on how family-run newspapers adapted and responded to industry changes to sustain their legacy and relevance.

While other options touch on various aspects of family businesses, the emphasis on adapting to changes in the newspaper industry makes option B the most fitting choice based on the information provided.

Option B is the answer.