Franchising is a win-win combination; both franchisees and franchisors are guaranteed success.

Question

Quizplus · Accepted Answer

Franchising is not a guaranteed success for both franchisees and franchisors. While franchising can provide a proven business model and established brand recognition for franchisees, it's important for them to carefully research and assess the franchisor's track record and franchise agreement before investing. Similarly, franchisors must ensure they are selecting qualified and dedicated franchisees to maintain the brand's reputation and success. Success in franchising requires a collaborative effort and ongoing support from both parties.

Franchising Is a Win-Win Combination; Both Franchisees and Franchisors Are