Two Major Challenges of Lodging Franchising Are Avoiding Financial Failure

question 26

Multiple Choice

Two major challenges of lodging franchising are avoiding financial failure by the franchisee and:

• A)decreased use of central reservation systems by guests due to increased availability of internet booking options
• B)up-front fees are too high for potential franchisees
• C)slow growth in the industry
• D)maintaining quality standards

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Definitions:

Strikes

Work stoppages initiated by employees as a form of protest, typically aiming to gain improved wages or working conditions.

Work Time

The period of time an individual spends performing tasks related to their employment.

Labor Force

The total number of people, including both the employed and the unemployed, who are currently available to work.

Union Membership

The status of being a member of an organized labor union, which represents workers in negotiations with employers over wages, benefits, and working conditions.