Whether to own a business independently or to become a franchisee. Introduction: Franchising is a notable business procedure and it is a type of legally binding declaration in which a franchisee or a retailer goes into a concurrence with a franchisor or a manufacturer to offer the merchandise and services for a predetermined expense or commission.

Question

Being a franchisee is an opportunity for those who lack business experience, the chance to own and operate a profitable business. What is your understanding of this statement?

Answer 1

Question

Chapter 5, Problem 4DQ

Summary Introduction

To determine: Whether to own a business independently or to become a franchisee.

Introduction: Franchising is a notable business procedure and it is a type of legally binding declaration in which a franchisee or a retailer goes into a concurrence with a franchisor or a manufacturer to offer the merchandise and services for a predetermined expense or commission.

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