The Biggest Advantage of Owning a Franchise Over an Independent

question 10

Multiple Choice

The biggest advantage of owning a franchise over an independent firm is likely:

• A) training provided by the franchisor.
• B) brand recognition.
• C) advertising.
• D) marketing research.

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Definitions:

Federal Bankruptcy Exemptions

Provisions in U.S. federal law that allow an individual filing for bankruptcy to keep certain property from being seized by creditors.

Individual Retirement Account

A financial tool that provides tax advantages for retirement savings in the United States.

Exempt

Freed or relieved from a duty, requirement, or liability to which others are subject.

Security Interest

A legal claim or encumbrance on property or assets, securing the payment of a debt or performance of some other obligation.