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Answer :
Final answer:
A franchise can be a good idea for someone who wants to start a business but doesn't have large amounts of money. Factors that contribute to the high cost of maintaining a franchise include franchise fees, ongoing royalty fees, initial setup costs, and meeting operational standards.
Explanation:
A franchise can be a good idea for someone who wants to start a business but doesn't have large amounts of money because the franchisor typically provides training, supply chain support, and assistance in setting up operations. This can reduce the risk and uncertainty that comes with starting a business from scratch. Additionally, by purchasing a franchise, the franchisee is able to benefit from an established brand name and a proven business model, which can attract customers and increase the chances of success.
The high cost of maintaining a franchise can be attributed to various factors. First, the franchisee needs to pay a franchise fee and ongoing royalty fees to the franchisor. These fees are typically a percentage of the franchisee's revenue and contribute to the financial obligations of operating a franchise. Additionally, the franchisee may need to invest in the initial setup and infrastructure of the business, which can involve significant costs for equipment, inventory, and lease agreements. Lastly, the franchisee may be required to meet certain operational standards and guidelines set by the franchisor, which may involve additional expenses for training, marketing, and ongoing support.
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