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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:

Loss Of Individuality

A social process in which individual group members lose self-awareness and its accompanying sense of accountability, inhibition, and responsibility for individual behavior.

Reprehensible Acts

Actions or behaviors that are considered morally wrong, deserving of criticism or condemnation.

Levels Of Cohesion

The degrees or stages of unity and solidarity within a group or team, affecting its performance and member satisfaction.

Empowerment Skills

Skills that equip individuals to increase their control over their own lives, work, and communities.

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