Elizabeth is aspiring entrepreneur who wants to launch a business with a fast-food restaurant. She does not want to start business from scratch because of low-risk appetite and not sufficient capital to start the business. a. Elizabeth is exploring different business models for her new fast- food restaurant venture. Examine the advantages and limitations of franchise business model and an independent fast-food restaurant. (5 Marks) b. Advise Elizabeth on the most suitable model for her business and why?



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