BUSINESS ADMINISTRATION
ENTREPRENEURIAL DEVELOPMENT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
Which of the following is not a limitation of franchising?
|
|
Non renewal of agreement
|
|
|
No ownership transfer
|
|
|
Prescribed format
|
|
|
Continuous support
|
Explanation:
Detailed explanation-1: -High Initial Investment One disadvantage of franchising can be the initial investment. The initial investment in a franchise can be hefty – the more established the franchise, the higher the likely initial cost.
Detailed explanation-2: -Expert Answer Ans. A) Franchising is a relatively new form of business organization is the incorrect statement. Franchising is not a new type of business organization since it is an exist…
Detailed explanation-3: -Lack of independence. Franchise businesses typically have a high failure rate. Lack of brand identity. Training is not normally provided by the franchisor.
There is 1 question to complete.