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:

Case Study

An in-depth examination of a particular instance or example, such as a business or marketing strategy, to draw insights and learn from its outcomes.

Sports Field

A designated area for playing specific sports, often equipped with necessary markings and equipment.

Social Media

Online platforms and technologies that enable users to create, share content, and participate in social networking.

Expectations

The beliefs or hopes about what is possible or likely to happen, often based on prior experiences or standards.