What is the failure rate for a franchise?
a. 5 percent b. 30 percent c. 50 percent d. 15 percent

ANSWER:

A. 5

STEP-BY-STEP EXPLANATION:

A few experts deciphered the information to state that over a five-year stretch, 5 percent of units shut. Flip that around, and you have the detail that establishments have a 95 percent achievement rate over a given five years. Here's the trick: The information was not inspected, and since franchisors picked whether to address the inquiries, all things considered, the pool of respondents included more fruitful establishments than ineffective ones.

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