The failure rate for independent small businesses is comparable to that for franchised businesses.

Name: The failure rate for independent small businesses is comparable to that for franchised businesses.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Independent small businesses generally have a higher failure rate compared to franchised businesses, as franchises often come with established brand recognition, support systems, and proven business models that can reduce the risk of failure.

The Failure Rate for Independent Small Businesses Is Comparable to That