Why Is the Failure Rate Lower for Franchises Than for Independent

question 127

Short Answer

Why is the failure rate lower for franchises than for independent businesses?

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Definitions:

Echo-boom

A demographic pattern characterized by a significant increase in birth rates, following an earlier baby boom, particularly seen in Millennials.

Generational Cohort

A group of individuals born in the same period, who share similar cultural experiences, attitudes, and values.

Retirement Plans

Financial strategies and savings products aimed at providing individuals with income during their retirement years.

Generation Y

Also known as Millennials, the demographic cohort following Generation X, typically born between the early 1980s and the mid-1990s to early 2000s.