What Is a Competitive Advantage of Franchising

question 26

Multiple Choice

What is a competitive advantage of franchising?

• A) attracting new customers
• B) focusing on a branded concept
• C) forming long-term contracts
• D) developing multiple products
• E) separating channel functions

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Definitions:

Ethnic Enclaves

Geographic areas with high concentrations of people from the same ethnicity, often maintaining distinct cultural practices, languages, and businesses from the surrounding areas.

Language Barriers

The difficulties faced when people who speak different languages attempt to communicate with each other.

Stress

A physical or emotional response to external or internal pressures, challenges, or threats, which can affect an individual's mental and physical well-being.

Achievement

The successful accomplishment or attainment of goals, objectives, or standards, often measured by various criteria.