Mary is interested in becoming a franchisee in Cactus Katie's Grill, a very successful fast food chain specializing in food dishes from the American southwest. Which of the following problems is Mary most likely to encounter if she agrees to become a franchisee? a) high initial costs and fees
b) lack of financing
c) lack of managerial assistance
d) poor name recognition and visibility

a) high initial costs and fees

Explanation:

A franchise is formed when a business obtains the licence to use another business's brand to operate.

The franchisor (brand owner) usually gives managerial assistance, training, and other needed support.

The franchisee is the entity using the franchisor's brand name. There is usually an initial royalty payment and other fees paid the use the franchisor's brand.

1) the stages a new product goes through from beginning to end, i.e., the stages that a product passes through from introduction through growth, maturity, and decline. 2) the time from initial research and development to the time at which sales and support of the product to customers are withdrawn. 3) the period of time during which a product can be produced and marketed profitably.

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