A franchise does provide access to owning and operating a business with a proven model. Additional support for advertising, marketing, and other back-office activities are provided by the franchise's corporate office albeit with a price tag labeled as franchise fees, which are paid annually and can total $30K, $40K+. Do you think these fees are a good return on investment? Or do they make franchising less attractive?
A franchise does provide access to owning and operating a business with a proven model. Additional support for advertising, marketing, and other back-office activities are provided by the franchise's corporate office albeit with a price tag labeled as franchise fees, which are paid annually and can total $30K, $40K+. Do you think these fees are a good return on investment? Or do they make franchising less attractive?
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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A franchise does provide access to owning and operating a business with a proven model. Additional support for advertising, marketing, and other back-office activities are provided by the franchise's corporate office albeit with a price tag labeled as franchise fees, which are paid annually and can total $30K, $40K+. Do you think these fees are a good
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