Which of the following is a primary advantage of a franchise business model?

A. Provide a financial forecast

B. Describe the company's core purpose and focus

C. Outline marketing strategies

D. Detail the product offerings

A. A group of related products marketed by the same company

B. A single, standalone product

C. A distribution channel for products

D. The manufacturing process for a product

A. Higher advertising costs

B. Limited audience reach

C. Ability to track and measure campaign performance

D. Slower response time from consumers

A. Many sellers with differentiated products

B. One seller with significant market power

C. Low barriers to entry

D. High levels of competition

A. Increase short-term sales

B. Build and maintain a positive public image

C. Reduce production costs

D. Enhance product features

A. A new product reducing sales of an existing product

B. A product failing to meet sales targets

C. A company acquiring a competitor

D. A company entering a new market

A. Encouraging intermediaries to push products to consumers

B. Creating consumer demand through advertising and promotions

C. Offering trade discounts to retailers

D. Using personal selling to close sales