Roger Has Made a List of What He Considers to Be

question 83

Short Answer

Roger has made a list of what he considers to be advantages of buying a franchise. You tell him that one item on his list is not an advantage. Which one is it?
Improved chances of success
Access to big business management skills
Don't have to build a business step by step
Incentive of owning your own business
Low start-up costs

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Definitions:

Compound Annual Returns

Measures the geometric average amount of money earned over a specified time period per year, taking into account the effect of compounding.

Equity Mutual Fund

A type of mutual fund that primarily invests in stocks, seeking to offer returns based on the performance of these equities.

Diversified Equity

An investment strategy that involves spreading investments among various stocks to reduce risk.

Compounded Quarterly

The process of calculating and adding interest to the principal sum of an investment or loan every quarter of a year.