If an Established Franchisor Agrees to Provide You the Opportunity

question 44

True/False

If an established franchisor agrees to provide you the opportunity to become a franchisee in its franchise system, the franchisor may also be willing to serve as a source of financing for your operation.

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Definitions:

Research And Development

The systematic activity combining both basic and applied research, and aimed at discovering solutions to problems or creating new goods and knowledge.

Financial Resources

Monetary assets that are available and can be used to facilitate transactions or investments by individuals or organizations.

Focused Strategy

A business approach that targets a particular market niche or demographic with tailored products or services.

Customer Niche

A focused, targetable portion of a market by which specific products or services are marketed to meet the unique demands of its audience.