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:

Private Sector

Part of the economy that is run by individuals and companies for profit and is not directly controlled by the state.

Wage Survey Data

Information gathered about salary rates and compensation for various jobs, used to benchmark and set salaries.

Trade Associations

Organizations founded and funded by businesses that operate in a specific industry to protect and promote their common interests.