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When starting a business, a person may choose to become a franchisee in an existing franchise rather than 'start from scratch'. Franchising appears to offer

When starting a business, a person may choose to become a franchisee in an existing franchise rather than 'start from scratch'. Franchising appears to offer more advantages for a franchisor than franchisee. Explain why this is the case by describing the nature of a franchise agreement and discussing three advantages for the franchisor and three disadvantages for the franchisee.

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