Franchising is a license to sell anothers products or to use anothers name in business, or both. Typical examples of popular franchises include Dunkin, Super Cuts, 5 Guys, H&R Block Tax Service, Car Dealerships, even the Boston Red Sox are a franchise of Major League Baseball. Describe what you think is a better business approach, starting a business from scratch, or buying a franchise. Discuss the pros and cons of each approach.

Franchising is a license to sell anothers products or to use anothers name in business, or both. Typical examples of popular franchises include Dunkin, Super Cuts, 5 Guys, H&R Block Tax Service, Car Dealerships, even the Boston Red Sox are a franchise of Major League Baseball. Describe what you think is a better business approach, starting a business from scratch, or buying a franchise. Discuss the pros and cons of each approach.

Principles of Management

OER 2019th Edition

ISBN:9780998625768

Author:OpenStax

Publisher:OpenStax

Chapter7: Entrepreneurship

Section7.5: Managing A Small Business

Problem 2CTQ: What was MailChimps big idea that changed the business, and why was it so successful?

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Question

BUYING A FRANCHISE
vs.
STARTING A NEW BUSINESS
Franchising is a license to sell anothers products or to use anothers name in business, or both. Typical
examples of popular franchises include Dunkin, Super Cuts, 5 Guys, H&R Block Tax Service, Car
Dealerships, even the Boston Red Sox are a franchise of Major League Baseball. Describe what you
think is a better business approach, starting a business from scratch, or buying a franchise. Discuss
the pros and cons of each approach.
Submission status
Submission status
No attempt
OCT
19
PAGES
27
A
W
260
...

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