NYSTCE Business And Marketing (168) Practice Questions - NYSTCE Business And Marketing Content Specialty Test (168) Exam

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A franchisee pays an initial fee plus ongoing royalties to operate under an established brand's name and system. What is the primary advantage of this arrangement for the franchisee?

Complete freedom to change the product line Access to a proven business model and brand recognition Exemption from all business taxes No ongoing payments after the first year

Correct Answer:

Access to a proven business model and brand recognition

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