Max wanted to open a pizza and sub restaurant. He compared purchasing a well-known franchise to opening his own restaurant as a small business. Which of the following would be a disadvantage to the franchise option? Max will be able to use the business model provided by the franchise. Max will have to use the franchise's pizza sauce instead of his family recipe. Max will have many competitors that offer pizzas and similar Italian fast food. Max will have to use his savings and borrow some money to start his business.

Max wanted to open a pizza and sub restaurant. He compared purchasing a well-known franchise to opening his own restaurant as a small business. Which of the following would be a disadvantage to the franchise option? Max will be able to use the business model provided by the franchise. Max will have to use the franchise's pizza sauce instead of his family recipe. Max will have many competitors that offer pizzas and similar Italian fast food. Max will have to use his savings and borrow some money to start his business.

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter7: Nonlinear Optimization Models

Section: Chapter Questions

Problem 77P

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