Which of the following is considered an advantage of franchising?
A) Franchising can be a way for existing companies to diversify.
B) Attractive franchisors offer value because they have names and trademarks that are well known to prospective customers.
C) A number of franchisors provide or facilitate financing for franchisees.
D) All of these are correct.

Question

Quizplus · Accepted Answer

A) Franchising allows existing companies to expand and diversify their business without taking on the financial risks and burdens of full ownership.

B) Franchisees benefit from using established brand names and trademarks that are already familiar and trusted by consumers, which may make it easier to attract customers.

C) Some franchisors offer financing options to help franchisees cover the initial costs of starting their business, which can be a significant advantage for new entrepreneurs who may not have access to other types of funding.

Therefore, all of the options listed are considered advantages of franchising.

Which of the Following Is Considered an Advantage of Franchising