Which of the Following Is an Advantage of Franchising Compared

question 59

Multiple Choice

Which of the following is an advantage of franchising compared to company-owned service distribution?

• A)reduced financial risk
• B)increased control on customer experience
• C)increased brand value
• D)increased standardization of services

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Definitions:

Financial Liabilities

Obligations that require a company to pay money to another entity, including loans, bonds payable, and accounts payable.

Borrowing Cost

A financial expense encompassing interest and other costs incurred by an entity in connection with the borrowing of funds.

Entity's Profits

The financial gain that remains after subtracting all expenses, taxes, and costs from a company's revenue.