Most McDonald's and Dunkin"Donuts outlets are franchises operating under licenses issued by parent companies to local owners. One of the primary advantages of purchasing a franchise rather than starting a business from scratch is that a franchise offers __ . A. limited liability for owners B. retention of all profits earned by the franchise C. low start-up costs D. venture capital financing E. a ready-made business model

Question

Most McDonald's and Dunkin"Donuts outlets are franchises operating under licenses issued by parent companies to local owners. One of the primary advantages of purchasing a franchise rather than starting a business from scratch is that a franchise offers __ . A. limited liability for owners B. retention of all profits earned by the franchise C. low start-up costs D. venture capital financing E. a ready-made business model

Answer 1

E. a ready-made business modelOne of the primary advantages of purchasing a franchise rather than starting a business from scratch is that a franchise offers a ready-made business model. This includes a proven system, established brand, and support from the franchisor in terms of training, marketing, and ongoing assistance. This can provide a significant advantage for entrepreneurs who may not have the experience or resources to develop and implement their own business model from scratch.

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