For the franchisee, what are the advantages of a franchise arrangement?
A) unlimited and unrestricted opportunities for growth
B) less risk and easier access to funding
C) freedom and flexibility in management
D) low cost of formation

Question

Quizplus · Accepted Answer

The advantages of a franchise arrangement for the franchisee include less risk and easier access to funding. Franchisees benefit from the established business model, brand recognition, and ongoing support provided by the franchisor, which reduces their risk of failure. They also have easier access to funding since banks and other lenders are more likely to lend to franchisees who have the support of a well-known brand. The other options mentioned are not advantages of a franchise arrangement for the franchisee.

For the Franchisee, What Are the Advantages of a Franchise