roressor Laura Farrel Crop and straighten your question 1. Franchising labels a type of business relationship that offers entrepreneurs the possibility of reducing the overall risk associated with buying an independent business or starting a company from scratch. The franchise arrangement allows new business owners to benefit from the accumulated business experience of all members of the franchise system Another type of business relationship is a family business. The term 101- family business refers to a group of people bound by a shared history and a commitment to share a future together, while supporting the development and well being of
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