Which of the Following Is a Disadvantage of Franchising

question 22

Multiple Choice

Which of the following is a disadvantage of franchising?

• A)The franchisee seldom receives any support or training from the franchisor about running the business.
• B)The franchisee faces the task of establishing brand recognition among customers.
• C)The franchisee has no flexibility as it is required to follow the franchisor's procedures to the letter.
• D)The franchisee faces funding challenges as bankers are often reluctant to fund franchisees.

Recognize the stages of cultural adaptation and the challenges of living in a foreign environment.

Identify the symptoms and causes of culture shock and strategies for coping with it.

Understand the role of organizational culture in implementing effective change.

Appreciate the importance of differentiating between standardization and localization in global business operations.

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Definitions:

Nondirectional Hypothesis

A type of hypothesis that specifies that a difference or relationship exists, but does not predict the direction of the difference or relationship.

Two-tailed Hypothesis

A hypothesis test that allows for the possibility of a relationship in both directions, not specifying the direction of the relationship.

Invalid Hypothesis

A hypothesis that is disproven or found to be incorrect based on evidence or statistical analysis.

Correlation

A statistical measure that indicates the degree to which two variables fluctuate together, ranging from -1 (perfect negative correlation) to +1 (perfect positive correlation).