Which of the following statements is TRUE about franchising?

Question

Quizplus · Accepted Answer

Compared to other small business startups, franchisees have relatively lower risk because they are operating under an established brand with a proven business model and support from the franchiser. However, there are no guaranteed minimum annual revenues and franchisers may have some guidelines or restrictions on how the franchisee operates the business. Local market research may or may not be conducted by the franchiser, but it is not guaranteed. Franchisers also usually provide some level of support and guidance to the franchisee, which may limit the level of independence and creativity in running the operation.

Which of the Following Statements Is TRUE About Franchising