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Foundations of Business - Standalo...

4th Edition
William M. Pride + 2 others
ISBN: 9781285193946

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BuyFindarrow_forward

Foundations of Business - Standalo...

4th Edition
William M. Pride + 2 others
ISBN: 9781285193946
Textbook Problem

Would you rather own your own business independently or become a franchisee? Why?

Summary Introduction

To determine: Whether to own a business independently or to become a franchisee.

Introduction: Franchising is a notable business procedure and it is a type of legally binding declaration in which a franchisee or a retailer goes into a concurrence with a franchisor or a manufacturer to offer the merchandise and services for a predetermined expense or commission.

Explanation

The advantages of owing a business independently are as follows:

  • Simplicity of exchange
  • Administration adaptability
  • Satisfaction in proprietorship
  • Maintenance all revenues

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