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

Question

Responses

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

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

Franchises are less expensive to operate than other small businesses.
Franchises are less expensive to operate than other small businesses.

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 more control over the goods and services that they provide.

Answer 1

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

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

These options highlight the advantages of established marketing systems and comparatively higher success rates associated with franchises.