Foundations of Business (MindTap Course List)
6th Edition
ISBN: 9781337386920
Author: William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher: Cengage Learning
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Question
Chapter 5, Problem 4DQ
Summary Introduction
To determine: Whether to own a business independently or to become a franchisee.
Introduction: Franchising is a notable business procedure and it is a type of legally binding declaration in which a franchisee or a retailer goes into a concurrence with a franchisor or a manufacturer to offer the merchandise and services for a predetermined expense or commission.
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Students have asked these similar questions
Differentiate between partnership and sole proprietorship form of business.
Explain briefly, in your opinion which form of business is better?
Which form of business is generally most costly to set up but offers the most personal protection?
a)
Sole proprietorship
b)
Partnership
c)
Corporation
d)
Franchise
From the perspective of the franchisee, discuss three (3) advantages and three (3) disadvantages
of buying a franchise.
Chapter 5 Solutions
Foundations of Business (MindTap Course List)
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Similar questions
- The benefits and drawbacks of being a franchisee are as follows: Is a franchise a viable option for someone who wants to start their own company for the first time? Discuss.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_forwardDiscuss the possibility that your startup might become a franchisor in the future. If your business succeeds and begins to grow, would your goods or services be suitable for franchisees? Draft a paragraph or plan a brief (three-minute) presentation explaining why you think your startup might or might not ultimately mature into an attractive franchising operation.arrow_forward
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