One of the Main Drawbacks of Franchising Is That It

question 37

Multiple Choice

One of the main drawbacks of franchising is that it requires a franchisee to:

• A)invest a lot of time and effort in setting up the business.
• B)take sole responsibility for all decisions in the business.
• C)share the profits of the business with the franchiser.
• D)build the brand appeal for the franchise outlet on his or her own.
• E)invest considerable capital in national and local advertising programs.

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Definitions:

Nature

The collective physical world phenomena, encompassing flora, fauna, terrains, and other natural features and entities of the planet, distinct from humans and their inventions.

Myth

A traditional story, often involving supernatural beings or forces, that serves to explain a natural or social phenomenon, or the customs or ideals of a society.

Define

To describe the nature or basic qualities of; to set forth the meaning of a word, phrase, etc.

Rite of Passage

A ceremonial event that marks an individual's transition from one status to another, particularly in societies with clearly defined life stages.