The Most Significant Disadvantage to Franchising as a Means of Acquiring

question 88

Multiple Choice

The most significant disadvantage to franchising as a means of acquiring a business is

• A) the amount of paperwork.
• B) the absence of economies of scale.
• C) high start-up costs.
• D) government regulation.
• E) low break-even points.

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Definitions:

Maslow

Referencing Abraham Maslow, a psychologist best known for creating Maslow's hierarchy of needs, a theory of psychological health predicated on fulfilling innate human needs.

Belongingness Needs

A psychological state reflecting the human need to form and maintain strong, stable interpersonal relationships.

Self-Transcendence Needs

The highest level in Maslow's hierarchy of needs, referring to the pursuit of achieving one's full potential, including experiences of unity, spiritual fulfillment, and meaning in life.

Transpersonal Meaning

Pertaining to or denoting experiences that go beyond the personal self, reaching into aspects of consciousness that are expansive, spiritual, or transcendent.