Top Posters
Since Sunday
5
o
5
4
m
4
b
4
x
4
a
4
l
4
t
4
S
4
m
3
s
3
New Topic  
goji.go goji.go
wrote...
Posts: 5977
10 years ago
Which of the following statements is TRUE about franchising?
A) Franchisees enjoy guaranteed minimum annual revenues based on their territory.
B) Franchisers encourage franchisees to be independent and creative in running their operations.
C) Franchisees have relatively lower risk than other small business start-ups.
D) Franchisees don't need to pay royalty fees to their franchisers.
E) All franchises restrict the location and number of their franchise locations.
Read 5477 times
2 Replies
Diesel
Replies
bbb
wrote...
10 years ago
C) A successful franchiser has determined, through trial and error, the best system of daily operations for the established business. New franchisees can therefore avoid many of the common start-up mistakes of new business owners. Because the franchise's success rests on a proven business model, franchisees are discouraged from making creative changes to operating methods. Franchisers do not guarantee minimum revenues to their franchisees, nor do they necessarily conduct any local market research on their behalf. Franchisees must pay a monthly royalty fee to the franchisor, which is typically 6–10 percent. Some franchises do not restrict the location or number of their franchise locations. In those instances, franchisees could experience serious competition not only from another company but also from other franchisees in the same franchise organization
Answer accepted by topic starter
goji.go Authorgoji.go
wrote...
Top Poster
Posts: 5977
10 years ago
Sign in or Sign up in seconds to unlock everything for free
1
Diesel

Related Topics

New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  1084 People Browsing
Related Images
  
 593
  
 357
  
 856
Your Opinion
Which industry do you think artificial intelligence (AI) will impact the most?
Votes: 308