BUSINESS ADMINISTRATION
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Disadvantages include high fees, strict operating standards, little freedom, intrusive monitoring
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Sole Propriotorship
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Partnership
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Franchise
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Explanation:
Detailed explanation-1: -The franchisee is not completely independent. Franchisees are required to operate their businesses according to the procedures and restrictions set forth by the franchisor in the franchisee agreement.
Detailed explanation-2: -Lack of independence. Franchise businesses typically have a high failure rate. Lack of brand identity. Training is not normally provided by the franchisor.
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