The Failure Rate for Franchises Is Well Below That for Other

question 9

True/False

The failure rate for franchises is well below that for other types of new businesses.

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Definitions:

Performance Excellence

Achieving outstanding results and quality in tasks or duties.

Benchmarking

A process of comparing one's business processes and performance metrics to industry bests or best practices from other companies.

Excellence

A state of exceptional merit or goodness; a performance ideal.

Crisis of Control

A situation in which the usual mechanisms of governance or oversight fail to maintain stability, often leading to chaos or conflict.