Business Goes With The Mean Data Analysis

A franchise is a legal agreement between franchisers and franchisees that consents use of the franchise’s trademark and trade name or marketing plan

Identify and use at least two appropriate statistical analysis techniques (such as conversion of leads to sales, correlations between variables, measures of central tendency, time series analysis, etc.) to identify market trends and development based on the data that you have collected. Your report should describe why you selected the statistical analysis techniques to identify market trends and developments.

Make a customer analysis and segment the market. What impact does your analysis have on the current business model of the company?

Competitor analysis is a serious part of the organization therefore; Target must identify and address all issues pertaining to the business. Target must pinpoint the tangible competitors, and substitutes, evaluate opponents’ objectives, strategies, strengths and weaknesses, and opportunities and threats, and uncover what opponents Target should take on or stand clear of. Therefore, Target must analyze the company’s economic, sociocultural, technological, political, and future.

The first choice of business is the franchise. In a franchise, legal binding agreement is entered into between two firms, the franchisor (the product or service owner) and the franchisee (the firm to market the product or service in a particular location). The franchisee pays a certain sum of money for the right to market this product” (Rubin, 1978, p.224). The franchising is more prevalent in the restaurant industry (Hoffman & Preble, 2003). The two distinct features of this business type include; first, in order to notable service components should

6. Competitor analyses – discuss key competitors and their key strengths, weaknesses and are they major threats to the firm - briefly explain.

19. Franchise operations, such as Krispy Kreme, Papa John’s Pizza, and H&R Block, are examples of ___________.

In the exit interview, separated employees were asked if their jobs were secure. The mode for that question was only a 2, the mean was 2.94, and the median was 3. The question in the employee survey, you do not fear that you will lose your job, again revealed a mode of 2. The median resulting from this data set is 2.65 and a median of 2. Both former and current employees had or have reservations pertaining to the

b) The same article reported the mean size was more than 2100 square feet? Can we conclude that the mean size of homes sold in the Gulshan area is more than 2100 square feet? Use the 0.05 significance level. What is the

Franchises are across the world and their growing. places such as McDonalds,7eleven and Burger king have been around for a while, and will continue until the day the world dies. A franchise is a business relationship in which a franchisor grants a license to use the name of the business calling him the franchisee. To become a Franchise is not an overnight task Capital has to be raised to purchase a franchise. Most franchises can be up to one million dollars or more. After raising capital, a franchise can be purchased, but there are rules and regulations that must be followed. Franchisees have duties and responsibilities they have to account for. Then the franchise agreement that needs to be followed to the letter.

1. A Franchise is when a franchisor of a business gives the franchisee of another business the right to supply its product or service under the same brand identity. Specsavers is a very successful franchise for example.

According to International Franchise Association (IFA), ‘‘a franchise is the agreement between two legally independent parties which give a person or group of people (franchisee) the right to market a product or service using trademark of another business (franchisor)’’ (IFA, 2015).

The relationship between the median and mean tells us if the income graph will be symmetrical or skewed to the left or right. The fact that the median is lower than the mean tells us that when the income is graphed it will be positively skewed or the distribution will be skewed to the right. It also tells us that if we were to work out the mode, it would be higher than zero and lower than the median figure of 37,500. Knowing this we can visualise what the graph will look like in shape, and when graphed we can check its general shape is correct.

Franchising - Its a special form of licensing in which the franchiser makes a total marketing program available, including the brand name, logo, products, and method of operation.

Franchising is a business strategy for getting and keeping customers. It is a marketing system for creating an image in the minds of current and future customers about how the company 's products and services can help them. It is a method for distributing products and services that satisfy customer needs. Franchising is a network of interdependent business relationships that allows a number of people to share and experience the brand. It is a successful way of promoting brand identification.