Business Essentials (11th Edition)
11th Edition
ISBN: 9780134149240
Author: EBERT
Publisher: PEARSON
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Question
Chapter 3, Problem 3.29C
Summary Introduction
Case summary:
Company CS is an ice-cream shop which contains a list of ice-cream, toppings, cakes, and other confections. The net worth of the firm is $250,000 and the cash available is $125,000. The up-front fee of the franchise is $27,000 and it is good for a ten-year term. However, the start-up cost is $467,525 and it takes four to twelve months to open the location.
To determine: The way to research a franchise before making a purchasing decision.
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Check out a sample textbook solutionStudents have asked these similar questions
Why might someone with strong entrepreneurial spirit be dissatisfied with franchise ownership?
How would you go about incorporating a business?
Limited funds and limited growth potential are the disadvantages of which form of business?
A- Partnership
B- Limited Liability Company
C- Sole proprietorship
D- Corporation
Chapter 3 Solutions
Business Essentials (11th Edition)
Ch. 3 - Prob. 3.1QRCh. 3 - Prob. 3.2QRCh. 3 - Prob. 3.3QRCh. 3 - Prob. 3.4QRCh. 3 - Prob. 3.5QACh. 3 - Prob. 3.6QACh. 3 - Prob. 3.7QACh. 3 - Prob. 3.8QACh. 3 - Prob. 3.9AECh. 3 - Prob. 3.10AE
Ch. 3 - Prob. 3.11ACh. 3 - Prob. 3.12ACh. 3 - Prob. 3.13ACh. 3 - Prob. 3.14ACh. 3 - Prob. 3.15ACh. 3 - Prob. 3.16TECh. 3 - Prob. 3.17TECh. 3 - Prob. 3.18TECh. 3 - Prob. 3.19EECh. 3 - Prob. 3.20EECh. 3 - Prob. 3.21EECh. 3 - Prob. 3.22CCh. 3 - Prob. 3.23CCh. 3 - Prob. 3.24CCh. 3 - Prob. 3.25CCh. 3 - Prob. 3.26CCh. 3 - Prob. 3.27CCh. 3 - Prob. 3.28CCh. 3 - Prob. 3.29CCh. 3 - Prob. 3.30C
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Similar questions
- You may consider franchising your business at some point. 1 - Discuss with justification, the type and model of franchise that your business will enter into? 2 - Discuss some of the ethical dilemmas that your business might be faced with.arrow_forwardWhat are the key considerations for entrepreneurs when choosing between different types of business ownership, such as sole proprietorship, partnership, and corporation, and how do these choices impact various aspects of management?arrow_forwardplease answer all the questions: 1- Define: A- Sole Proprietorship.B- Partnership.C- Corporation 2-Describe 4 Advantages and 4 Disadvantages of each of these forms of Business.arrow_forward
- explain briefly How does the entrepreneurial mindset and skillset contribute to personal and professional growth, even if a venture does not succeed?arrow_forwardIn evaluating whether or not to buy a franchise operation, the potential investor should as a series of questions. What questions should the potential investor ask about the franchisor, the franchise, the market, and the potential investor (him or herself)?arrow_forwardCan a person be an entrepreneur because of the nature of the work that they do within a large corporation?arrow_forward
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