Topic Three: Franchising, Joint Ventures, Sole Traders Law (Business Organization)
"A sole trader operating under a franchise is said to be the master of all he/she controls".
Discuss this statement with special reference to the advantages and disadvantages of such a business structure in connection with the operation of a franchise.
A sole trading business organisation is the simplest form of business organisation as it only requires one principal.
Sole traders can be found in most types of business undertakings such as, small professional practices, builders, plumbers, delis, etc.
The business organisation is, in effect, the individual who is responsible…
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