One Important Advantage of Franchising Is Its Ability to Provide

question 97

True/False

One important advantage of franchising is its ability to provide business expertise for relatively inexperienced franchisees.

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Definitions:

Shopping Product

A type of product that consumers buy after comparing quality, price, and style from different sellers.

Convenience Product

Goods or services that are readily available to consumers and require minimal effort to purchase, such as everyday household items.

Unsought Product

Describes goods or services that consumers do not actively seek out or necessarily think of buying until a specific need arises or they are directly marketed to.

Convenience Product

A consumer product that is widely available and easy to purchase, typically characterized by frequent purchase with minimal buying effort and comparison.