Warren Buffet's distinction between a "franchise" and a "business" refers to:
A) The advantage of starting a franchised business rather than an independent start-up.
B) The difference between a business whose uniqueness gives it pricing power and one that lacks such a competitive advantage.
C) The importance of taking a contrarian approach in business.
D) The importance of selecting a business that is easy to manage.
Correct Answer:
Verified
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