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 5.6B, Problem 1CC
Summary Introduction
To determine: The relationships among a franchise, the franchisor and 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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How the success of a franchisee can cause problems?
Explain what: 1- a franchise
2- a franchisor
3- a franchisee
. Discuss with justification,the type and model of franchise that a business can join
Chapter 5 Solutions
Foundations of Business (MindTap Course List)
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Similar questions
- 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.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_forwardEntrepreneurship, New Ventures, and Business Ownership Explain entrepreneurship and describe some key characteristics of entrepreneurial personalities and activities. Explain sole proprietorships, partnerships, and cooperatives and discuss the advantages and disadvantages of each. Describe corporations, discuss their advantages and disadvantages, and identify different kinds of corporations; explain the basic issues involved in managing a corporation and discuss special issues related to corporate ownership.arrow_forward
- 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_forwardThe chances of success of a franchise in a short time are very high. If you understand this statement then explain the reasons behind it.arrow_forward
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