Which of the Following Is a Reason for the Popularity

question 55

Multiple Choice

Which of the following is a reason for the popularity of franchising in the business world?

• A)A franchisor can offer a standard, well-known product that is produced by a consistent, well-tested process.
• B)The profitability of individual franchises does not have to be shared with the franchisor.
• C)Buying a franchise does not take as much planning and thought as starting a business from scratch.
• D)There are no significant risks involved in buying a franchise as the losses will be compensated by the franchisor.

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Definitions:

Egocentrism

The inability to differentiate between one's own perspective and someone else's perspective, often seen in early childhood development.

Animism

The belief that objects, places, and creatures all possess a distinct spiritual essence, prevalent in many indigenous religions.

Piaget

A Swiss psychologist known for his pioneering work in child development, particularly regarding the stages of cognitive growth.

Sensorimotor

Pertains to the developmental stage in children from birth to approximately 2 years of age, where they begin to understand the world through physical actions and sensory experiences.