When Latoya opened her fast-food restaurant franchise, she received help decorating her store, training her employees, and ordering supplies. Which of the five benefits of owning a franchise do these services fall under?
A) owning your own business and being your own boss
B) starting your new enterprise with some name recognition
C) receiving management and financial support
D) receiving marketing support
E) following someone else's proven formula for doing business
Answer: C
Explanation: C) Some franchisors make different types of support available to their franchisees, such as market research, on-site location studies, help in leasing or building and decorating their store or office, training, technical assistance, and help in ordering supplies. Many will also help their franchisees in operating their new business during the first 6 to 12 months. In addition, many franchisors offer financial assistance to their franchisees, such as help with spacing out payment of the franchise fee and extending credit on materials and supplies.
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