BUISENESS MANAGEMENT
BUSINESS PLANNING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is an advantage of purchasing a franchise?
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Franchisor controls the operations
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Business plan and strategies already exist
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Franchisor charges additional fees for advice
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Franchisee is often required to purchase stock from the franchisor and cannot shop around for cheaper suppliers
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Explanation:
Detailed explanation-1: -Risk – The biggest advantage of owning a franchise business is investing into a business which is already tested and proven. The probability of the risk regarding the profits and growth of the business is likely to be very low.
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