Which of the Following Is Not an Advantage of Buying

question 20

Multiple Choice

Which of the following is not an advantage of buying a franchise?

• A) A proven product or service within an established system
• B) Franchisor ongoing support
• C) Availability of financing
• D) Potential for business growth
• E) Duration and nature of the commitment

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Definitions:

Common Law

A body of unwritten laws based on legal precedents established by the courts, influencing and guiding judicial decision-making.

Service Contracts

Agreements between customers and service providers outlining the terms for the provision of services.

Rules of Law

The principle that all actions are governed by applicable laws, which are applied equally and fairly to all individuals.

Lease Contracts

Legal agreements where a lessee is given the right to use an asset owned by the lessor for a specified period in exchange for rental payments.