ECONOMICS
ENTREPRENEURS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Franchises, family business & hobbies
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Family business, interests, & trends
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Hobbies, interests, & making money
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Franchises, games, & solutions
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Detailed explanation-1: -Franchise opportunities are perfect for those who are looking for the freedom to run a company, without the added risk. Essentially, it means taking on the management of an existing company branch, such as McDonalds, Subway etc. You buy the rights to run the shop or facility from your local area.
Detailed explanation-2: -Franchising is full of family businesses on both the franchisor side and the franchisee side. There are so many great stories of husband-and-wife, father-and-son, and mother-and-daughter teams. Sometimes it’s a combination of all of the above.
Detailed explanation-3: -One is a franchise, the other a business opportunity. Both are regulated by federal and state law. Both come to you ready to operate, like a “business in a box, ” and both can lead to the kind of professional future you’ve always dreamed of having.
Detailed explanation-4: -A family-owned business may be defined as any business in which two or more family members are involved and the majority of ownership or control lies within a family. Family-owned businesses may be the oldest form of business organization.