One Advantage of Opening a Franchise Rather Than Starting a Business

question 39

True/False

One advantage of opening a franchise rather than starting a business from scratch is that start-up costs tend to be lower.

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Definitions:

Grocery Store

A retail establishment that primarily sells food, both fresh and packaged, along with various household items.

Buyer's Remorse

A feeling of regret experienced after making a purchase, often stemming from a sense of doubt about whether the decision was the right one.

Purchased Phone

The act of buying a telephone, which could be a mobile or stationary device, for personal or professional use.

Competitive Leverage

The strategic use of advantages or capabilities—such as cost structure, market position, or technological innovation—to outperform competitors in a given market.