The biggest challenge facing the growth of new franchises is:

Question

Quizplus · Accepted Answer

Market saturation is the biggest challenge facing the growth of new franchises. As more and more franchises enter the market, it becomes increasingly difficult for new franchises to stand out and attract customers. This can lead to lower profits and even failure for new franchises. While lack of capital and competition from independent entrepreneurs can also pose challenges, market saturation is the most significant obstacle. The recent downturn in the economy may also be a challenge, but it is not specific to the growth of new franchises and affects businesses across various sectors.

The Biggest Challenge Facing the Growth of New Franchises Is