What is a likely reason why someone would pay money for a franchise?
A)They are not aware of basic business practices.
B)They will not have to spend the same amount of time marketing and building the brand.
C)They do not have knowledge in the industry or business model.
D)They will not have to work as hard in running the business.

Question

Quizplus · Accepted Answer

By paying for a franchise, the individual is essentially buying into an established brand with a successful business model. This means they can benefit from the brand recognition and customer loyalty that already exists, reducing the amount of time and money they would need to spend on marketing and building the business from scratch. While they may still need to work hard to run the business effectively, the franchise model provides a strong foundation for success.

What Is a Likely Reason Why Someone Would Pay Money