What is considered to be a significant disadvantage of owning a franchise?
A) Start-up costs
B) Operational guidelines
C) Difficulty obtaining loans
D) Double taxation
E) Competition
Answer: A
Explanation: A) Start-up costs are considered one of the most significant disadvantages of owning a franchise. Franchise prices vary widely and often require a fee to purchase the use of the name, building the facility and other outlay.
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Plutonomy refers to the passage of individuals from one social class to another
Indicate whether the statement is true or false
Alpha and Beta are partners who share income in the ratio of 1:2 and have capital balances of $40,000 and $70,000 at the time they decide to terminate the partnership. After all noncash assets are sold and all liabilities are paid, there is a cash balance of $50,000 . What amount of loss on realization should be allocated to Alpha?
a. $60,000 b. $20,000 c. $30,000 d. $50,000
Economic sanctions are most effective in causing the target nation to modify its behavior when the
a. target nation had negligible economic relationships with the imposing nation prior to the sanctions. b. people of the target nation have weak cultural ties to the people of the imposing nation. c. sanctions are levied by a large number of nations. d. target government is supported by the majority of its people.
What lessons can be learned from experience in Loudon County, Virginia?
What will be an ideal response?