This Type of Franchise Is the Most Popular and Simplest

question 3

Multiple Choice

This type of franchise is the most popular and simplest format.

• A)Single-unit franchise
• B)Area franchise
• C)Master franchise
• D)Corporate franchise

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Definitions:

Risk-taking Individual

is a person who is willing to undertake actions that involve uncertainty or risk in order to achieve potentially significant results.

Entrepreneur

An entrepreneur is a person (or group of people) who creates the new enterprise, opportunity or business venture.

Self-employed Service Business

A self-employed service business is operated by an individual who provides services, rather than goods, directly to customers on a freelance or contract basis.

New Product

An item that is introduced in the market for the first time or a significantly improved or modified version of an existing product.