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Answer :
Final answer:
The biggest challenge facing the growth of new franchises is competition from independent entrepreneurs. Therefore, the given statement is true .
Explanation:
The statement "The biggest challenge facing the growth of new franchises is the competition from independent entrepreneurs." is true. In a market economy, new franchises face stiff competition from independent entrepreneurs who can offer similar products or services. These independent entrepreneurs may have lower costs or offer unique features, making it challenging for new franchises to attract customers. This competition can affect the growth and profitability of new franchises.
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