The Reasons Given in the Text to Explain Why Franchisees

question 21

Multiple Choice

The reasons given in the text to explain why franchisees participate in franchising include all of the following except:

• A) Capital advantages
• B) Obtain needed training and assistance from franchisors
• C) Franchisor trademarked product has high recognition among consumers
• D) Reduced uncertainty
• E) Prospects for making adequate returns often higher than is the case for independent businesses

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Definitions:

Internal Processes

The operations or activities that occur within an organization or system which are crucial for its functioning.

Effectiveness

The degree to which objectives are achieved and desired outcomes are realized, often used as a metric for success in various contexts.

Seven Key Competencies

A set of crucial abilities or skills deemed essential for effective performance in a job or activity.

Success

The achievement of an objective or goal, often marked by prosperity, attainment, or accomplishment.