Franchising Has Certainly Become a Key Component of the U

question 190

Essay

Franchising has certainly become a key component of the U.S. economy. What are the major advantages and disadvantages of franchising?

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Definitions:

Income Before Taxes

The profit a company generates before accounting for taxes, used to assess the operational efficiency of a business.

Income Taxes

Taxes imposed by the government on the income generated by individuals or entities.

Days' Sales

Often refers to the average number of days it takes for a company to collect revenue after a sale has been made.

Inventory Management

The overseeing and controlling of the ordering, storage, and use of components that a company uses in the production of the items it sells.