INTRODUCTION TO ENTREPRENEURSHIP
ENTREPRENEURIAL PROCESS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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____ pace of expansion is one of the advantage of the franchisor relationship in franchise business
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Logo
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Inter role conflict
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Faster
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Quality cost
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Explanation:
Detailed explanation-1: -Franchising provides benefits for both seller and buyer. For franchisors, the primary benefit is the ability to use other people’s money to expand the brand more rapidly than they could either on their own or through investors or lenders.
Detailed explanation-2: -Little to no industry experience is necessary. Existing customer base and brand awareness. Lower risk than starting an entirely new business. Support from the franchise owner. Ample opportunities for expanding your business to different franchise locations. 30-Aug-2021
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