Franchising Is a Key Component of the U

question 150

Essay

Franchising is a key component of the U.S. economy. What are the major advantages and disadvantages of franchising?

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Definitions:

Bumper Crop

is an unusually large harvest of a crop, often due to favorable growing conditions.

Farm Incomes

The earnings obtained from agricultural activities after expenses are deducted.

Crop

A cultivated plant that is grown on a large scale commercially, especially a cereals, fruit, or vegetable.

Demand

The quantity of a good or service that consumers are willing and able to purchase at various prices during a certain period of time.