There is one word underlined. From the list of words lettered A to D, choose the word or group of words that is most nearly opposite in meaning to…
There is one word underlined. From the list of words lettered A to D, choose the word or group of words that is most nearly opposite in meaning to the underlined word in the sentence. Unlike his prior haughty demeanor, he was now ___ in his speech.
Franchising is licensing business model to others. Franchisor provides: brand name, business system, training, marketing support. Franchisee pays: initial fee, ongoing royalties, follows standards.
Examples: fast food chains, hotels, retail stores. Benefits for franchisee: proven system, brand recognition, support. Benefits for franchisor: rapid expansion without capital investment.
Risks: franchisee has limited independence, fees reduce profits, brand damage if other franchisees perform poorly. Success requires careful selection and ongoing relationship management.
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