Understanding Business with Connect Access Card
12th Edition
ISBN: 9781260277142
Author: William Nickels, James McHugh, Susan McHugh
Publisher: McGraw-Hill Education
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Question
Chapter 5.5, Problem 5.5BQ
Summary Introduction
To determine: The reason to appeal for franchise business.
Introduction:
When the right to use the name of a specific business is given somebody to sell the goods and services under the name in a particular territory, it is known as franchise.
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please 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.
The term "entrepreneurship" is derived from the French verb "entreprendre". Some people believe that the term exist long before it was introduced in the academia by Richard Cantillon in 1755.a) Discuss the term entrepreneurship in your own words? b) Are entrepreneurs born or bred? What is your opinion on this case which hasbeen argued by many scholars for almost three (3) centuries? Please giveconcrete justifications for the reasons of your choice.
SUBJECT - BUSINESS
WHAT IS BUYING A FRANCHISE? (WRITE ABOUT A TO Z) EXPLAIN BRIEFLY.
Chapter 5 Solutions
Understanding Business with Connect Access Card
Ch. 5.1 - Prob. 5.1AQCh. 5.1 - Prob. 5.1BQCh. 5.1 - Prob. 1TPCh. 5.1 - Prob. 2TPCh. 5.2 - Prob. 5.2AQCh. 5.2 - Prob. 1MEDCh. 5.2 - Prob. 3TPCh. 5.2 - Prob. 4TPCh. 5.3 - Prob. 5.3AQCh. 5.3 - Prob. 5TP
Ch. 5.3 - Prob. 6TPCh. 5.3 - Prob. 7TPCh. 5.3 - Prob. 8TPCh. 5.4 - Prob. 5.4AQCh. 5.5 - Prob. 5.5AQCh. 5.5 - Prob. 5.5BQCh. 5.5 - Prob. 5.5CQCh. 5.6 - Prob. 9TPCh. 5.6 - Prob. 10TPCh. 5.6 - Prob. 11TPCh. 5 - Prob. 1CECh. 5 - Prob. 2CECh. 5 - Prob. 3CECh. 5 - Prob. 4CECh. 5 - Prob. 1CTCh. 5 - Prob. 2CTCh. 5 - Prob. 3CTCh. 5 - Prob. 4CTCh. 5 - Prob. 1DCSCh. 5 - Prob. 2DCSCh. 5 - Prob. 3DCSCh. 5 - Prob. 4DCSCh. 5 - Prob. 5DCSCh. 5 - Prob. 1PPTCh. 5 - Prob. 2PPTCh. 5 - Prob. 1VCCh. 5 - Prob. 2VCCh. 5 - Prob. 3VC
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Similar questions
- Mention one example of an entrepreneur who succeeded in his own business, with a brief explanation of him, please sir take your timearrow_forwardLimited funds and limited growth potential are the disadvantages of which form of business? A- Partnership B- Limited Liability Company C- Sole proprietorship D- Corporationarrow_forwardStarting up and managing a business requires one to act responsibly and ethically at all times. It is also imperative that one carefully considers the management team and the opportunities that franchising presents to a business to create a bigger brand name and increased market share You may consider franchising your business at some point. Discuss with justification, the type and model of franchise that your business will enter into.arrow_forward
- In your initial response, please respond to the following questions: 1. Why do some businesses succeed while others fail? List and explain three main reasons why businesses fail. 2. Starting a new business from scratch can seem like a daunting proposition. Accordingly, some entrepreneurs may choose to buy a business that is already established, or purchase a franchise from a business that already has name recognition.arrow_forwardThe 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_forwardHow can I convince a CEO that outsourcing its Stock Management would benefit the company? no aiarrow_forward
- 41) One of the attractive features of franchising is that: A. franchises are expensive. B. franchisers have total financing available so that a new business owner doesn't need any capital. C. franchisers have well-known names and products. D. a new-business owner can be assured that he or she gets honest information from the franchiser. E. franchisees are almost certain to succeed.arrow_forward1. If you will become an entrepreneur someday, what do you prefer licensing or franchising?Justify your choice. 2. Give one (1) example of existing business in the Philippines which offers licensing and franchising. Illustrate the nature and location of the business.arrow_forwardYou are about to finish the business degree in near future. There are different options afterwards, most of the students seek job opportunities, and many of the students decide to manage their family businesses. In recent times, entrepreneurship studies got much interest among young graduates and people tend to establish independent units. If you choose to become an entrepreneur, why would you choose to be? In case you choose not to become an entrepreneur, what would be the reason? Also prepare your own SWOT analysis.arrow_forward
- what are the external strengths for yeti holdings inc?arrow_forwardExplain what: 1- a franchise 2- a franchisor 3- a franchiseearrow_forwardWhich form of business is generally most costly to set up but offers the most personal protection? a) Sole proprietorship b) Partnership c) Corporation d) Franchisearrow_forward
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