Roger Has Made a List of What He Considers to Be

question 147

Multiple Choice

Roger has made a list of what he considers to be advantages of buying a franchise.You tell him that one item on his list is not an advantage.Which one is it?

• A) Improved chances of success
• B) Access to big business management skills
• C) Don't have to build a business step by step
• D) Incentives of owning your own business
• E) Low start-up costs

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Definitions:

Perfect Information

A market condition where all participants have access to complete and accurate information concerning all aspects of the market and relevant transactions.

Create Wealth

Involves generating significant assets or resources through various means such as investment, entrepreneurship, or economic activities.

Resource Value

The worth of a resource based on its ability to produce goods, provide services, or satisfy needs and wants in an economy.

Property Rights

The legal rights to own, use, and dispose of land, buildings, or goods, protected under law.