The failure rate of a franchise is significantly higher than the rate for starting a business from scratch.

Name: The failure rate of a franchise is significantly higher than the rate for starting a business from scratch.
Brand: Quizplus
Rating: 4.8 (55 reviews)

Question

Quizplus · Accepted Answer

Franchises typically have a lower failure rate compared to starting a business from scratch because they operate under an established brand and business model, which often includes support from the franchisor in areas such as training, marketing, and operations.

The Failure Rate of a Franchise Is Significantly Higher Than