Which of the following benefits do franchisees enjoy over other small business owners? Select the two correct answers.(1 point)

Question

Responses

Franchises have more control over the goods and services that they provide.
Franchises have more control over the goods and services that they provide.

Franchises have a lower 5-year failure rate than other small businesses.
Franchises have a lower 5-year failure rate than other small businesses.

Franchises have lower start-up costs than other small businesses.
Franchises have lower start-up costs than other small businesses.

Franchises benefit from the successful marketing provided by franchisors.
Franchises benefit from the successful marketing provided by franchisors.

Franchises are less expensive to operate than other small businesses.

Answer 1

The two correct answers regarding the benefits that franchisees enjoy over other small business owners are:

1. Franchises have a lower 5-year failure rate than other small businesses.
2. Franchises benefit from the successful marketing provided by franchisors.

Franchisees often benefit from established brand recognition and support from the franchisor, which can help reduce the risk of failure compared to independent small businesses.