Which advantage does a franchisee typically enjoy?

A franchisee typically enjoys a higher likelihood of obtaining financing. This advantage arises because franchise businesses often have established brand recognition and proven business models, which can be appealing to lenders. The franchisor usually provides comprehensive training and support, instilling confidence in financial institutions that the franchisee will be able to successfully operate the business. Banks and investors are often more willing to finance a franchise because it reduces perceived risks associated with entrepreneurship, as they can rely on the franchise's track record.

In contrast, the other options suggest levels of autonomy and control that are not typical for franchisees. For instance, a franchisee does not have unlimited autonomy in decision-making, as they must adhere to the franchisor's established guidelines and policies. Similarly, changing franchise branding or having complete control over advertising budgets is not part of the franchisee's role since branding and advertising strategies are usually determined by the franchisor to maintain consistency across all franchise locations.