GROWTH DEVELOPMENT CHILD
DEVELOPMENT AND LEARNING
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Franchises are not cheap!-There are restrictions on marketing-There is always a risk that the franchisor will go out of business
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Franchise
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Franchise.disadvantages
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Franchise.advantages
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How to set up a business
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Explanation:
Detailed explanation-1: -The franchise agreement usually includes restrictions on how you can run the business. You might not be able to make changes to suit your local market. You may find that after some time, ongoing franchisor monitoring becomes intrusive. The franchisor might go out of business.
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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