1.4, 1.5, 2.1 Review
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Provide THREE examples of franchise businseses.
McDonald's, 7/11, Starbucks etc.
Outline TWO advantages of being a franchise for a franchisee.
Lower chance of failure, Franchisor pays for advertising and provides training, Banks more willing to lend, Fewer decisions needed to be made
Outline TWO disadvantages of being a franchisor.
Reputational risks, Franchisee keeps profits of outlet
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