Which statement about Wegmans is true?

Which statement about Wegmans is true?

• A. Wegmans is a publicly traded corporation.
• B. Wegmans is a family-owned company.
• C. Wegmans has headquarters outside the United States.
• D. Wegmans operates only in New York.

Answer: (B)

Wegmans being family-owned is the statement that holds true because the company has remained privately held and controlled by the Wood family since its founding. This means there are no public shareholders and Wegmans does not trade on a stock market, which is why the other options don’t fit: it isn’t a publicly traded corporation, its headquarters are in Rochester, New York (not outside the United States), and its stores are spread across multiple states rather than being limited to New York.

Wegmans being family-owned is the statement that holds true because the company has remained privately held and controlled by the Wood family since its founding. This means there are no public shareholders and Wegmans does not trade on a stock market, which is why the other options don’t fit: it isn’t a publicly traded corporation, its headquarters are in Rochester, New York (not outside the United States), and its stores are spread across multiple states rather than being limited to New York.