Unlike an entrepreneur who starts a business from scratch,a franchisee is not responsible for:
A)Hiring employees
B)Establishing a brand
C)Obtaining financing
D)Contracting with suppliers

Question

Quizplus · Accepted Answer

A franchisee is given the rights to use an established brand and business model in exchange for a franchise fee and ongoing royalties. The franchisor typically provides the franchisee with assistance in establishing the business, training, marketing and support. Therefore, the franchisee is not responsible for establishing a brand. However, they are responsible for hiring employees, obtaining financing, and contracting with suppliers to run the franchise.

Unlike an Entrepreneur Who Starts a Business from Scratch,a Franchisee