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Answer :
Final answer:
The statement 'Franchises offer the most independence for a new entrepreneur' is false because franchises come with restrictions and guidelines that limit the franchisee's independence and decision-making power.
Explanation:
The statement 'Franchises offer the most independence for a new entrepreneur' is False.
A franchise is a business relationship in which the owner (franchisor) grants the rights to another person (franchisee) to operate a business using its name, brand, and proven business model. While franchises may provide certain benefits such as support, training, and established brand recognition, they also come with restrictions and guidelines that limit the franchisee's independence and decision-making power.
For example, franchisees are often required to adhere to specific standards, policies, and pricing structures set by the franchisor. They also have to pay ongoing fees and royalties to the franchisor based on their revenue. Therefore, starting an independent business from scratch might offer more freedom and independence for a new entrepreneur.
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