3. Franchises are known as a "semi-independent business" because The franchiser will manage and operate your store The business is owned by the corporation Even though you own the business you don't have total con The franchiser will take half of the profits

The correct answer is: Even though you own the business you don't have total control.<br /><br />In a franchise, the franchisee (the individual who owns and operates the business) has a certain degree of autonomy in running the business, but they are still subject to the rules and guidelines set by the franchiser (the parent company). This means that while the franchisee has ownership of the business, they do not have total control over all aspects of the operation, as the franchiser may impose certain standards, marketing strategies, and operational procedures.