One drawback of franchises is that they have a higher failure rate than other types of business ventures.

Name: One drawback of franchises is that they have a higher failure rate than other types of business ventures.
Brand: Quizplus
Rating: 4.7 (26 reviews)

Question

Quizplus · Accepted Answer

Franchises often have a lower failure rate than independent businesses because they operate under a proven business model and receive support from the franchisor in areas like training, marketing, and operations.

One Drawback of Franchises Is That They Have a Higher