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 5.6, Problem 10TP
Summary Introduction
To determine: The opportunities available to start a global franchise.
Introduction:
When the right to use the name of a specific business is given for somebody to sell the goods and services under the name in a particular territory, it is known as franchise.
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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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- You are searching for an opportunity to start a franchise business in your area. You plan to join a franchise company and become one of their franchisees. Since there are various Malaysian as well as international franchise companies, you are in a dilemma in choosing the best franchise business. To help making the final decision, you decide to identify a Malaysian franchise company and an international franchise company with the greatest potential for you to be part of and start your own franchise. Compare the two identified franchise companies you have selected in identifying franchise business opportunities. The opportunities evaluation must include identification and evaluation of: 1) Industry or industries with most growth potential. 2) Feasibility of the business type in your specific location or geographical area. 3) Amount of capital needed in becoming a franchisee of the selected franchise companies. 4) Knowledge and management skills needed to start and run the specific…arrow_forward1. What is franchising? 2. Name three franchises exist in Malaysia. 3. Describe the relationship between franchisor and franchisee.arrow_forwardAmong the list of successful entrepreneurs both in local and international markets, who among them inspires you the most? Why?arrow_forward
- What advantages does going global offer a small business owner? Also, describe the barriers businesses face when trying to conduct business internationally.arrow_forwardDiscuss any three International or national firms that you think have developed entrepreneurial culture, and can face the challenges of being an entrepreneurial firm. Give reasons.arrow_forwardSuppose you and some friends want to start a business that offers business culture trainingto foreign business representatives in your country. You all think the business will work but worry about being left with debts at such a young age if it fails. What form of ownership should you choose for your start-up and why?arrow_forward
- How new entrepreneurial ventures emerging in advanced and developing countries are different in nature?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_forwardLack of funding as an entrepreneurial challenge. How an entrepreneur can overcome it? Also, what other entrepreneurial challenges can an entrepreneur encounter in an underdeveloped country like Romania?arrow_forward
- Who are entrepreneurs? Do you know anyone who has their own business? What characteristics do they have? What about celebrity business owners? Who are some of the entrepreneurs you admire (famous, or not famous)?arrow_forwardExplain what: 1- a franchise 2- a franchisor 3- a franchiseearrow_forwardSUBJECT - BUSINESS WHAT IS BUYING A FRANCHISE? (WRITE ABOUT A TO Z) EXPLAIN BRIEFLY.arrow_forward
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