GK
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Disadvantages include high fees, strict operating standards, little freedom, intrusive monitoring
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Sole Propriotorship
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Partnership
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Franchise
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None of the above
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Explanation:
Detailed explanation-1: -Lack of independence. Franchise businesses typically have a high failure rate. Lack of brand identity. Training is not normally provided by the franchisor.
Detailed explanation-2: -For most franchisees, the most frustrating disadvantage that they face is that they must follow the restrictions laid out in the franchise agreement. The franchisor can exert a degree of control over the majority of the franchise business and decisions made by the franchisee.
There is 1 question to complete.