Joshua wants to run his own business. A friend suggested that an inexpensive way to get started is to buy a franchise, where he will have the freedom to run it exactly as he sees fit. As a recent student of business, you concur with this advice.

Question

Quizplus · Accepted Answer

While buying a franchise provides the benefit of an established brand and business model, it also comes with restrictions and regulations set by the franchisor. The franchise owner must adhere to these guidelines and pay ongoing fees and royalties to the franchisor. Therefore, it may not be the most inexpensive way to start a business and may limit the owner's freedom to run the business in their own way.

Joshua Wants to Run His Own Business