Final answer:
The drawback of buying a franchise is the limited flexibility in decision-making, due to the need to comply with the franchisor's established guidelines and standards.
Step-by-step explanation:
In the context of various launching options when starting a new business, a drawback associated with buying a franchise is Greater flexibility in decision-making. While franchises provide benefits like an established brand and customer base, and support from the franchisor, they can also limit the owner's ability to make independent decisions regarding the business operations, as they must adhere to the guidelines and standards set by the franchisor. This can involve restrictions on the products or services offered, marketing strategies, and operational procedures.
One drawback associated with buying a franchise is limited support from the franchisor. While the franchisor may provide initial training and support in setting up operations, ongoing support may be limited, leaving the franchisee to handle many aspects of the business on their own.