Discuss the likely drawback to a start up business of setting up and running as a franchise operation

1 answer:

6 0

Buying a franchise means entering into a formal agreement with your franchisor.
Franchise agreements dictate how you run the business, so there may be little room for creativity.
There are usually restrictions on where you operate, the products you sell and the suppliers you use.
Bad performances by other franchisees may affect your franchise's reputation.
Buying a franchise means ongoing sharing of profit with the franchisor.
Franchisors do not have to renew an agreement at the end of the franchise term.

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It is determined by subtracting the value of the output from the value of the intermediate goods. As double counting, a severe mistake when estimating national income, is concerned, the value-added approach is a widely utilized method for computing national revenue.

A mistake known as double counting in accounting occurs when a transaction is counted more than once for any reason. But when an attempt is made to quantify the new value produced by Gross Output or the value of all investments, it also alludes to a conceptual issue in social accounting practice.

A mistake known as double counting in accounting occurs when a transaction is counted more than once for any reason. But when an attempt is made to quantify the new value produced by Gross Output or the value of all investments, it also alludes to a conceptual issue in social accounting practice.

Learn more about double counting here

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