Lucy is preparing to invest in a new online franchise, Notable Moments. The franchisor provides the exclusive software and training for designing invitations and cards for special occasions such as weddings, graduations, and birth announcements. In return, the franchisee is required to pay a monthly fee to the franchisor. Lucy will use the Notable Moments software to create her own special designs that she will ultimately feature on her website. Order turnaround time must be fast. She can only take on as many clients as she can make good on delivery. An advantage of Lucy's online franchise is that she
A) has a limited territory.
B) has a narrow product offering.
C) does not need name recognition or marketing assistance.
D) has an unlimited territory.
Correct Answer:
Verified
Q303: Qiang is ready to become a franchise
Q304: Zach is a franchisee with Digger's Doggies,
Q305: One important consideration when prospecting for a
Q306: An evaluation of franchising would conclude that
Q307: Franchised businesses are successful (both domestically and
Q309: Which of the following statements best summarizes
Q310: One reason franchises have become so popular
Q311: Global franchising offers
A) few opportunities for American
Q312: Ivy is investing in a home cleaning
Q313: Midwest Auto Experts, Inc. sells franchises to
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents