The utilization of a __________,such as a franchise,can assist in mitigating the business venture risk,to some extent.
A) proven business model
B) turnkey operation
C) business model prototype
D) a) and b)
E) all of the above

Question

Quizplus · Accepted Answer

A proven business model, as seen in a franchise, can provide a degree of security in terms of mitigating business risk. Additionally, the turnkey operation provided by a franchise can further assist in reducing risk and increasing the chances of success. Therefore, options A and B are both correct, making D the best choice. Option C, a business model prototype, may also be helpful, but it is not as well-established and tested as a proven franchise system. Therefore, E is not the best choice.

The Utilization of a __________,Such as a Franchise,can Assist in Mitigating