The way in which an individual will determine whether buying a franchise coffee and baked goods store with the help of outside investors, and if it is a good opportunity to make the appropriate decision. Introduction: A franchise is the authorization provided by a company to use their logo and trademark in order to carry out certain commercial activities. These companies are usually well popular and highly reputed.

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Answer 1

Question

Chapter A, Problem 1DQ

Summary Introduction

To determine:

The way in which an individual will determine whether buying a franchise coffee and baked goods store with the help of outside investors, and if it is a good opportunity to make the appropriate decision.

Introduction:

A franchise is the authorization provided by a company to use their logo and trademark in order to carry out certain commercial activities. These companies are usually well popular and highly reputed.

Expert Solution & Answer

Answer to Problem 1DQ

The various ways of determining whether to buy a franchise coffee and baked goods store are as follows:

Research about the coffee and baked goods store and find out about their reputation and recognition and find any franchised stores and their success so far.
Try and find some potential investors who would be willing to invest in the franchise.

Explanation of Solution

The franchise store may be sold for a reason. First of all, that reason has to be found out and if the reason is bankruptcy due to insolvency. As the firm may have any unpaid debts or any other negative reasons, it should be considered as a red flag thoroughly before purchasing the store.

Secondly, the current state of the store should be looked into, if the store is far from being recovered. It would then require be a huge repair and the renovation cost to make the store look pleasant will make the investors quite unsatisfied about the extra cost to be covered and may sometimes not invest in the franchise store.

The public recognition of the shop needs to be determined by asking locals about the significance of the shop in that area of the city, and also the competitors in the area needs to be recognized along with an analysis of the benefits and drawbacks of purchasing the store.

Carry out a SWOT analysis to assist your decision and then make a final decision.

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Students have asked these similar questions

Everyone admires an entrepreneur, but maybe that is because no one knows exactly what he or she does. A description of entrepreneurial duties has never been solidified, and Wirtz explains that this is an ongoing problem for those wanting to measure such duties and responsibilities, as well as for those wanting to conduct research into the successes and failures of entrepreneurship. How did you move from being a young (child) entrepreneur to becoming an employee or thinking of becoming just an employee?

1. Does someone need to start a business from scratch to be called an entrepreneur? 2. Can we call someone an entrepreneur if they bought an ongoing business from someone else or took over the operations of a family business from their parents? 3. If someone starts a small business and never needs to hire employees, can they be called an entrepreneur?

As a business person or as a person who wants to start a business but doesn't have the money for it, who would be your first choice for help with the start-up?

Answer 2

Question

Chapter A, Problem 1DQ

Summary Introduction

To determine:

The way in which an individual will determine whether buying a franchise coffee and baked goods store with the help of outside investors, and if it is a good opportunity to make the appropriate decision.

Introduction:

A franchise is the authorization provided by a company to use their logo and trademark in order to carry out certain commercial activities. These companies are usually well popular and highly reputed.

Expert Solution & Answer

Answer to Problem 1DQ

The various ways of determining whether to buy a franchise coffee and baked goods store are as follows:

Research about the coffee and baked goods store and find out about their reputation and recognition and find any franchised stores and their success so far.
Try and find some potential investors who would be willing to invest in the franchise.

Explanation of Solution

The franchise store may be sold for a reason. First of all, that reason has to be found out and if the reason is bankruptcy due to insolvency. As the firm may have any unpaid debts or any other negative reasons, it should be considered as a red flag thoroughly before purchasing the store.

Secondly, the current state of the store should be looked into, if the store is far from being recovered. It would then require be a huge repair and the renovation cost to make the store look pleasant will make the investors quite unsatisfied about the extra cost to be covered and may sometimes not invest in the franchise store.

The public recognition of the shop needs to be determined by asking locals about the significance of the shop in that area of the city, and also the competitors in the area needs to be recognized along with an analysis of the benefits and drawbacks of purchasing the store.

Carry out a SWOT analysis to assist your decision and then make a final decision.

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Answer 3

Question

Chapter A, Problem 1DQ

Summary Introduction

To determine:

The way in which an individual will determine whether buying a franchise coffee and baked goods store with the help of outside investors, and if it is a good opportunity to make the appropriate decision.

Introduction:

A franchise is the authorization provided by a company to use their logo and trademark in order to carry out certain commercial activities. These companies are usually well popular and highly reputed.

Expert Solution & Answer

Answer to Problem 1DQ

The various ways of determining whether to buy a franchise coffee and baked goods store are as follows:

Research about the coffee and baked goods store and find out about their reputation and recognition and find any franchised stores and their success so far.
Try and find some potential investors who would be willing to invest in the franchise.

Explanation of Solution

The franchise store may be sold for a reason. First of all, that reason has to be found out and if the reason is bankruptcy due to insolvency. As the firm may have any unpaid debts or any other negative reasons, it should be considered as a red flag thoroughly before purchasing the store.

Secondly, the current state of the store should be looked into, if the store is far from being recovered. It would then require be a huge repair and the renovation cost to make the store look pleasant will make the investors quite unsatisfied about the extra cost to be covered and may sometimes not invest in the franchise store.

The public recognition of the shop needs to be determined by asking locals about the significance of the shop in that area of the city, and also the competitors in the area needs to be recognized along with an analysis of the benefits and drawbacks of purchasing the store.

Carry out a SWOT analysis to assist your decision and then make a final decision.

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Answer 4

Question

Chapter A, Problem 1DQ

Summary Introduction

To determine:

The way in which an individual will determine whether buying a franchise coffee and baked goods store with the help of outside investors, and if it is a good opportunity to make the appropriate decision.

Introduction:

A franchise is the authorization provided by a company to use their logo and trademark in order to carry out certain commercial activities. These companies are usually well popular and highly reputed.

Expert Solution & Answer

Answer to Problem 1DQ

The various ways of determining whether to buy a franchise coffee and baked goods store are as follows:

Research about the coffee and baked goods store and find out about their reputation and recognition and find any franchised stores and their success so far.
Try and find some potential investors who would be willing to invest in the franchise.

Explanation of Solution

The franchise store may be sold for a reason. First of all, that reason has to be found out and if the reason is bankruptcy due to insolvency. As the firm may have any unpaid debts or any other negative reasons, it should be considered as a red flag thoroughly before purchasing the store.

Secondly, the current state of the store should be looked into, if the store is far from being recovered. It would then require be a huge repair and the renovation cost to make the store look pleasant will make the investors quite unsatisfied about the extra cost to be covered and may sometimes not invest in the franchise store.

The public recognition of the shop needs to be determined by asking locals about the significance of the shop in that area of the city, and also the competitors in the area needs to be recognized along with an analysis of the benefits and drawbacks of purchasing the store.

Carry out a SWOT analysis to assist your decision and then make a final decision.

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Answer 5

Chapter A, Problem 1DQ

Summary Introduction

To determine:

The way in which an individual will determine whether buying a franchise coffee and baked goods store with the help of outside investors, and if it is a good opportunity to make the appropriate decision.

Introduction:

A franchise is the authorization provided by a company to use their logo and trademark in order to carry out certain commercial activities. These companies are usually well popular and highly reputed.

Expert Solution & Answer

Answer to Problem 1DQ

The various ways of determining whether to buy a franchise coffee and baked goods store are as follows:

Research about the coffee and baked goods store and find out about their reputation and recognition and find any franchised stores and their success so far.
Try and find some potential investors who would be willing to invest in the franchise.

Explanation of Solution

The franchise store may be sold for a reason. First of all, that reason has to be found out and if the reason is bankruptcy due to insolvency. As the firm may have any unpaid debts or any other negative reasons, it should be considered as a red flag thoroughly before purchasing the store.

Secondly, the current state of the store should be looked into, if the store is far from being recovered. It would then require be a huge repair and the renovation cost to make the store look pleasant will make the investors quite unsatisfied about the extra cost to be covered and may sometimes not invest in the franchise store.

The public recognition of the shop needs to be determined by asking locals about the significance of the shop in that area of the city, and also the competitors in the area needs to be recognized along with an analysis of the benefits and drawbacks of purchasing the store.

Carry out a SWOT analysis to assist your decision and then make a final decision.

Answer 6

Chapter A, Problem 1DQ

Summary Introduction

To determine:

The way in which an individual will determine whether buying a franchise coffee and baked goods store with the help of outside investors, and if it is a good opportunity to make the appropriate decision.

Introduction:

A franchise is the authorization provided by a company to use their logo and trademark in order to carry out certain commercial activities. These companies are usually well popular and highly reputed.

Expert Solution & Answer

Answer to Problem 1DQ

The various ways of determining whether to buy a franchise coffee and baked goods store are as follows:

Research about the coffee and baked goods store and find out about their reputation and recognition and find any franchised stores and their success so far.
Try and find some potential investors who would be willing to invest in the franchise.

Explanation of Solution

The franchise store may be sold for a reason. First of all, that reason has to be found out and if the reason is bankruptcy due to insolvency. As the firm may have any unpaid debts or any other negative reasons, it should be considered as a red flag thoroughly before purchasing the store.

Secondly, the current state of the store should be looked into, if the store is far from being recovered. It would then require be a huge repair and the renovation cost to make the store look pleasant will make the investors quite unsatisfied about the extra cost to be covered and may sometimes not invest in the franchise store.

The public recognition of the shop needs to be determined by asking locals about the significance of the shop in that area of the city, and also the competitors in the area needs to be recognized along with an analysis of the benefits and drawbacks of purchasing the store.

Carry out a SWOT analysis to assist your decision and then make a final decision.

Answer 7

Chapter A, Problem 1DQ

Summary Introduction

To determine:

The way in which an individual will determine whether buying a franchise coffee and baked goods store with the help of outside investors, and if it is a good opportunity to make the appropriate decision.

Introduction:

A franchise is the authorization provided by a company to use their logo and trademark in order to carry out certain commercial activities. These companies are usually well popular and highly reputed.

Answer 8

Expert Solution & Answer

Answer to Problem 1DQ

The various ways of determining whether to buy a franchise coffee and baked goods store are as follows:

Research about the coffee and baked goods store and find out about their reputation and recognition and find any franchised stores and their success so far.
Try and find some potential investors who would be willing to invest in the franchise.

Answer 9

Expert Solution & Answer

Answer 10

Expert Solution & Answer

Answer 11

Explanation of Solution

The franchise store may be sold for a reason. First of all, that reason has to be found out and if the reason is bankruptcy due to insolvency. As the firm may have any unpaid debts or any other negative reasons, it should be considered as a red flag thoroughly before purchasing the store.

Secondly, the current state of the store should be looked into, if the store is far from being recovered. It would then require be a huge repair and the renovation cost to make the store look pleasant will make the investors quite unsatisfied about the extra cost to be covered and may sometimes not invest in the franchise store.

The public recognition of the shop needs to be determined by asking locals about the significance of the shop in that area of the city, and also the competitors in the area needs to be recognized along with an analysis of the benefits and drawbacks of purchasing the store.

Carry out a SWOT analysis to assist your decision and then make a final decision.

Answer 12

Ch. A - Prob. 1DQ Ch. A - Prob. 2DQ Ch. A - Prob. 3DQ Ch. A - Prob. 4DQ Ch. A - Prob. 5DQ Ch. A - Prob. 6DQ Ch. A - Prob. 7DQ Ch. A - Prob. 8DQ Ch. A - Prob. 9DQ Ch. A - Prob. 10DQ

Answer to Problem 1DQ

Explanation of Solution

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Chapter A Solutions