Which of the following is NOT a feature of a franchise?

In the context of franchise operations, full independence from the franchisor is not a characteristic feature, making it the correct answer. Franchises operate under a structure that requires franchisees to adhere to specific guidelines and standards set by the franchisor. This allows the franchisor to maintain control over the brand and its overall operations, ensuring consistency and unity across all franchise locations.

The replicated business model is a core component of franchises, where franchisees utilize a tested and successful business model established by the franchisor. Centralized advertising support is also a key benefit, as it enables franchisees to benefit from collective marketing efforts funded or organized by the franchisor. Additionally, brand recognition is a significant feature of franchises, as franchisees gain immediate credibility and customer trust through association with a well-known brand.

These elements demonstrate how franchisees are not fully independent; rather, they operate within a structured framework that is designed to uphold the integrity and performance of the franchise as a whole.