There are two main risks in purchasing a franchise. First, that of the franchiser's experience and business system, and second:
A) the brand name recognition of the franchise.
B) the entrepreneur's managerial skills and motivation.
C) the franchiser's financing.
D) the economy trends in the country at the time the franchisee begins operation.
Answer: B
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Which of the following was the primary argument by proponents of agriculture which Alexander Hamilton refuted?
a. The United States had a comparative advantage in agriculture b. The British would prevent the growth of manufacturing in the United States which military force if necessary c. Agriculture had to create economic value which covered the cost of rent of the land while manufacturing did not d. Manufacturing was the workshop of the devil
Independence Discuss what audit independence is and why it is important to the audit firm and the profession. What are some major threats to audit firm independence and what are some of the steps that audit firms and the profession have taken in addressing those threats?