Franchising enables SMEs to enter foreign markets.

Name: Franchising enables SMEs to enter foreign markets.
Brand: Quizplus
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Question

Franchising enables SMEs to enter foreign markets.

Quizplus · Accepted Answer

Franchising allows small and medium-sized enterprises (SMEs) to expand their business into foreign markets by partnering with local franchisees who have knowledge of the local market and customer preferences. This reduces the risk and costs associated with entering a new market and enables SMEs to leverage the brand recognition and success of their franchise model.

Franchising Enables SMEs to Enter Foreign Markets