Which of the following is a reason for the popularity of franchising in the business world?
A)A franchisor can offer a standard, well-known product that is produced by a consistent, well-tested process.
B)The profitability of individual franchises does not have to be shared with the franchisor.
C)Buying a franchise does not take as much planning and thought as starting a business from scratch.
D)There are no significant risks involved in buying a franchise as the losses will be compensated by the franchisor.

Question

Quizplus · Accepted Answer

One of the key reasons for the popularity of franchising is that a franchisor can offer a standard, well-known product that is produced by a consistent, well-tested process. This can be attractive to potential franchisees who want to invest in a proven business model with a recognizable brand.

Which of the Following Is a Reason for the Popularity