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One way to become an independent business person is to buy a restaurant franchise.

a.True
b.False

1 Answer

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Final answer:

Yes, buying a restaurant franchise is indeed one path to becoming an independent businessperson. Franchise owners acquire rights to a pre-existing business model and benefit from the franchisor's brand and support, but need to pay fees in return.

Step-by-step explanation:

One way to become an independent business person is to buy a restaurant franchise. This statement is true. When you purchase a franchise, you are buying the rights to start and operate a business that follows the successful model established by the franchisor. This often includes essential aspects such as brand recognition, a proven business strategy, and ongoing support in areas like training and supply chain management.

In the case of a restaurant franchise, companies like McDonald's have paved the way for this form of business expansion, allowing individuals to run their own businesses under a known brand umbrella. However, the franchisee is required to pay an initial franchise fee and ongoing royalty fees in exchange for these advantages.

User Prajot Kuvalekar
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