Because the Relationship Between Franchisor and Franchisee Is Similar to a Marriage

question 50

Essay

Because the relationship between franchisor and franchisee is similar to a marriage, it is important that the prospective franchisee investigate the opportunity thoroughly. What questions should a prospective franchisee ask to aid in assessing the franchise?

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Definitions:

Labor Intensive

A production process or industry that requires a large amount of labor input compared to capital input.

Alternative Technologies

Alternative technologies refer to new or substitute technological solutions that differ from existing methods, often offering improvements in efficiency or sustainability.

Capital Intensive

Describes industries or businesses that require large amounts of capital investments like equipment and machinery relative to labor.

Alternative Technologies

Different or new technologies that can be used as substitutes for existing ones, often considered in the context of improving efficiency or reducing environmental impact.