An individual attempting to enter retailing who desires and requires considerable training and assistance should consider _____.

Question

Quizplus · Accepted Answer

Business format franchising provides extensive training and support to new franchisees, making it the best choice for someone who desires and requires considerable training and assistance. Product/trademark franchising only provides the right to sell a specific product or use a trademark, with little training or support. Independent retailing would require the individual to start from scratch and figure out everything alone. A leased department operation involves a larger retailer leasing a space to an individual or business to operate as a separate department within the larger store, but does not provide the level of training and assistance that business format franchising does.

An Individual Attempting to Enter Retailing Who Desires and Requires