A franchise myth is that ________.
A) once the franchise is open, the franchisee has autonomy to run the business in whatever way (s) he sees fit
B) the owner needs to be hands on
C) the franchise will only expect to be paid when the franchisee is profitable
D) franchises fail at a rate higher than independently owned businesses
Correct Answer:
Verified
Q26: By signing the franchise contract, a franchisee
Q27: The franchise contract defines the rights and
Q28: Which of the following is not a
Q29: The failure rate for franchises is _.
A)higher
Q30: The Uniform Franchise Disclosure Document (UFDD)is a
Q32: In addition to other fees, franchisees must
Q33: Franchisees in fast-growing systems reap the benefits
Q34: Quality is so important in franchising that
Q35: Which of the following is not a
Q36: The FTC's philosophy regarding the Uniform Franchise
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