Question

In the context of the various forms of operating a business, instant brand-name recognition is a benefit ensured by a:

a) Franchise
b) Sole Proprietorship
c) Cooperative
d) Partnership

Answer 1

Instant brand-name recognition, a key benefit when operating a business, is most often assured by owning a franchise, as it leverages a well-established brand.

Step-by-step explanation:

In the context of various forms of operating a business, instant brand-name recognition is most likely ensured by a franchise. Unlike a sole proprietorship, which is owned and operated by one person, or a partnership that involves two or more individuals, a franchise allows you to purchase the rights to operate a business under a well-known brand. This provides immediate recognition and credibility in the market, which is a considerable advantage when starting a new business venture.