Asked by Laura Ramos on Apr 26, 2024
Verified
One of the most common ways to get involved in a small business is to buy and run a franchise.
Small Business
In Canada, a business that has 5–100 employees, is independently owned and operated, and does not dominate its industry.
Franchise
What results when one business owner sells to another the right to operate the same business in another location.
- Distinguish different kinds of entrepreneurs and their entrepreneurial projects.
Verified Answer
BC
Braylin CollinsApr 30, 2024
Final Answer :
True
Explanation :
This statement is true. Buying a franchise allows individuals to operate their own business while receiving support and guidance from the franchisor.
Learning Objectives
- Distinguish different kinds of entrepreneurs and their entrepreneurial projects.