Which of the Following Statements Accurately Brings Out the Difference

question 42

Multiple Choice

Which of the following statements accurately brings out the difference between franchising and building an independent business from scratch?

• A)The time required to set up an independent business is much lower than obtaining a franchise.
• B)A franchise outlet often reaches the break-even point faster than an independent business would.
• C)A franchisee would experience more flexibility in decision making than the owner of an independent business.
• D)The quality of goods and services needs to be more standardized and uniform in an independent business than in franchises.
• E)Access to managerial and financial assistance is more limited in franchises than in independent businesses.

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Definitions:

Experiences

The events or occurrences that leave a lasting impression on an individual, shaping their knowledge and perceptions.

Workplace Aggression

Hostile or violent behaviors expressed by employees within the workplace, including both physical actions and verbal threats.

Harming

Causing damage or injury to someone or something, either intentionally or unintentionally.

Change Competency

The ability of an organization or individual to effectively manage and adapt to change.