Ask Question
29 October, 10:53

the biggest challenge facing the growth of new franchises is: A) market saturation B) competition from independent entrepreneurs C) the lack of capital D) the recent downturn in the economy

+4
Answers (1)
  1. 29 October, 12:05
    0
    (A) market saturation

    Explanation:

    A franchisee starts a new franchise by entering into a franchising agreement with a franchiser to use its brand name and sell its products. The biggest challenge faced by this new franchise is market saturation.

    This occurs because the presence of other similar businesses, whether franchises or independently owned businesses in the market, creates lots of competition for the new franchise.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “the biggest challenge facing the growth of new franchises is: A) market saturation B) competition from independent entrepreneurs C) the ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers