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Marrrta [24]
3 years ago
14

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
Business
1 answer:
Furkat [3]3 years ago
6 0

Answer:

(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<u> the presence of other similar businesses, whether franchises or independently owned businesses in the market, creates lots of competition for the new franchise.</u>

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Answer:

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