A process for two or more people coming together to operate an investment, such as partnerships or corporations, is Franchise.
<h3>What is franchise?</h3>
Franchise is a type of business that is owned and operated by an individual (franchisee) but that is branded and overseen by a much larger entity.
Advantages of owing a franchise are :
- A franchise owner gets valuable help throughout the lifespan of the business.
- Owning a franchise comes with a low rate of failure.
Therefore, franchise is a process whereby two or more people come together to operate an investment, such as partnerships or corporations.
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An entrepreneur can create a strong business strategy to reduce risk.
Entrepreneurs are the individuals who start new firms, taking on the majority of the risks and reaping the greatest gains. Entrepreneurship is the act of starting a business. The entrepreneur is typically thought of as an inventor who develops original ideas for products, services, businesses, and operational needs.
Creating a business strategy is one of the first actions that entrepreneurs may do to lower the risks associated with a new venture. Before beginning, one must determine how much time and money one will devote to their new venture. Market research should also be conducted. This provides insight into the likelihood that your new venture will succeed or fail.
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Answer:
The answer is b. Focus Group
Explanation:
A focus group interview involves a group of people being selected and asked about their opinion or perceptions about a particular topic.
The three major annual costs of owning a vehicle are fuel, insurance, and maintenance. Insurance is the most expensive because it is for the entire year.
What do you mean by cost?
The amount of money spent by a company on the creation or production of goods or services is referred to as the cost.
It does not include the profit margin. From the standpoint of a seller, the cost is the amount of money spent to produce a good or product.
Hence the major annual costs of owning a vehicle are fuel, insurance, and maintenance which is occurred time to time.
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