Answered

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What are the primary advantages of owning a franchise? Select all that apply.

A. The franchisor provides brand-name recognition and marketing plans.
B. Franchises are inexpensive to start up and run.
C. The franchisor assumes all the risk in the business.
D. The franchisor provides training, management assistance, supplies, and a product.
E. Franchisees keep all their profits for themselves.

Sagot :

GinnyAnsweridn

Final answer:

Franchising involves owning a business using the franchisor's brand and methods, offering various advantages such as brand recognition, support from the franchisor, and profit retention.


Explanation:

Franchising is a business model where a person or company purchases the right to operate a business using the brand and methods of the franchisor. The primary advantages of owning a franchise include the franchisor providing brand-name recognition and marketing plans, offering training, management assistance, supplies, and a product, and allowing franchisees to keep profits while benefiting from the established brand.


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