Which of the Following Is True of Franchising

Multiple Choice

Which of the following is true of franchising?

A) A franchise is essentially an unpackaged business, where the policies, procedures, and buying patterns have to be established prior to beginning operations.
B) The purchase of a well-honed, thoughtfully positioned franchise can dramatically decrease the downside risk inherent in the process of starting a business.
C) There is no difference in the risk of buying a franchise and buying an existing business.
D) Franchising is viewed as a new business entrepreneur's creation of a business from scratch.