Franchisors in foreign countries must be aware of:
A)currency exchange
B)local culture
C)language differences
D)political risks
E)all of the above

Question

Quizplus · Accepted Answer

Franchisors expanding into foreign countries must consider a variety of factors to ensure successful operations. These include currency exchange rates, which can affect profits and costs; local culture, to tailor products or services to fit local preferences; language differences, for effective communication with customers and staff; and political risks, which can impact the business environment. Therefore, all of these factors are crucial for franchisors to consider.

Franchisors in Foreign Countries Must Be Aware Of