Consider This Quote: "If You Can't Follow Somebody Else,don't Buy

question 40

Multiple Choice

Consider this quote: "If you can't follow somebody else,don't buy a franchise." Which characteristic of a franchise does this quote describe?

• A)High success rate
• B)Restrictions on growth
• C)Loss of entrepreneurial independence
• D)Location problems

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Definitions:

Principal

The initial amount of a loan or investment, excluding any interest or dividends.

Agent

An individual or entity authorized to act on behalf of another.

Contract

A legally binding agreement between two or more parties that outlines obligations each party must fulfill.

Liable

Being legally responsible for something, especially in the context of debts or legal wrongs.