One important consideration when prospecting for a good franchise business is:
A)The saturation rate of the franchise.The more saturation the better.
B)The market potential for the product or service,at the prices you need to charge.
C)The population level of the area where you will operate.Large populations are too overwhelming,often needlessly increasing demand.
D)A limited disclosure statement,and being mindful that any disclosure statement may limit your success.

Question

Quizplus · Accepted Answer

The market potential for the product or service is critical to determine if there is sufficient demand to sustain the business at a price that will generate profits. It's important to carefully evaluate the potential customer base and competition in the area to determine if the business can be profitable. Saturation can be a negative factor, and population level is not the only consideration. Limited disclosure statements are important to review but not a primary consideration for evaluating the potential for success.

One Important Consideration When Prospecting for a Good Franchise Business