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What Is a Franchise? What Are the Major Advantages and Disadvantages

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What is a franchise? What are the major advantages and disadvantages of owning a franchise business?


Definitions:

American Federalism

A political system in which power is divided between a central authority and constituent political units (states), allowing both to enact laws within their respective areas of responsibility.

State Governments

The governing bodies of individual states within a federal system, responsible for local legislation and administration.

Fundamental Governing

The basic rules and principles that guide the operations of a government or organization.

Commerce Clause

A provision in the United States Constitution that grants Congress the power to regulate commerce with foreign nations, and among the several states and with the Indian tribes.

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