INTRODUCTION TO ENTREPRENEURSHIP
DEFINITION OF ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A disadvantage to owning a franchise is ____
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you are limited in what product/service you can sell.
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it is easy to start.
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you can get help if you need it.
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you can rely on the good name of the parent company.
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Explanation:
Detailed explanation-1: -Drawbacks include high franchise fees, managerial regulation, shared profits, and transfer of adverse effects if other franchisees fail.
Detailed explanation-2: -Limited creative opportunities. Financial information is shared with the franchisor. Varied levels of support. Initial investments and start-up costs can be expensive. Contracts aren’t permanent. You’re your own boss, but you have less individual control. 30-Aug-2021
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