Discuss the Advantages of Buying a Franchise

question 84

Essay

Discuss the advantages of buying a franchise.

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Definitions:

Brand Valuation Tools

Systems or methods used to estimate the financial value of a brand based on its strength, market presence, and potential future earnings.

Marketing Mix

A framework consisting of the 4Ps: Product, Price, Place, and Promotion, used by businesses to achieve marketing objectives.

Brand Equity

The value and strength of a brand that is determined by consumer perception, recognition, and loyalty.

Effectiveness

The degree to which objectives are achieved and the extent to which targeted problems are solved.