The coattail effect refers to inevitable repercussions on your business if a fellow franchisee should fail.

Name: The coattail effect refers to inevitable repercussions on your business if a fellow franchisee should fail.
Brand: Quizplus
Rating: 4.8 (40 reviews)

Question

Quizplus · Accepted Answer

The coattail effect is a real phenomenon in the franchise business model. If a fellow franchisee fails, it may impact the public perception of your brand and potentially harm your sales and profits.

The Coattail Effect Refers to Inevitable Repercussions on Your Business