Bundle: Contemporary Marketing, Loose-Leaf Version, 17th + LMS Integrated MindTapV2.0 Contemporary Marketing, 1 term (6 months) Printed Access Card
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Chapter 14, Problem 5ALR
Summary Introduction

To discuss: The benefits of owning a franchise and their disadvantages.

A franchise is a form of license that is acquired by the franchisee for accessing the business process and trademark to provide service or sell a product under the business name. The franchisee should pay the initial start-up amount and annual licensing fees to franchisor.

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I need answer typing clear urjent no chatgpt used pls i will give 5 Upvotes.full explanation pls
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