Characteristic(s) of franchising include(s) ______.

It is a replication of some successful business format

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It takes place in case of businesses with a good track record of profitability

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It applies to business which are easily duplicated and replicated

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All of the above

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Solution

The correct option is C All of the above
There are five key characteristics that, more than any others, determine success as a franchisee. They are Any business start-up involves some risk of failure, but a strong franchise with a proven track record of success will minimize this risk.
To see if franchising will suit you check out these nine characteristics:
Strong desire to improve business skills.
Likes to use proven systems/structure.
Believes that customers must be highly valued.
Some entrepreneurial spirit.
Open to change and feedback.
Real ambition to grow a business.
Committed to the power of a brand.

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