MANAGEMENT

Detailed explanation-1: -Franchising is often used as a cost-effective growth strategy for businesses. A key benefit of this strategy is that no capital layout is required for a new franchised store as opposed to corporate-owned stores. Franchised stores are also proven to be more successful than corporate-owned stores.

Detailed explanation-2: -Major Advantage of a Franchise: Everything You Need to Know. Having the major advantage of a franchise that allows expansion without worrying about the risk of debt or the cost of an entity is a primary reason why many entrepreneurs look to a franchise when starting a business.