Part of the benefits of being a franchisee is that youhave access to:marketing and advertising.company information about the franchisor.O unlimited funding from the franchisor.Othe knowledge, process and trademarks ofthe franchisor.

Engaging in a contractual alliance with a franchisor, a franchisee, whether an individual or…

Answered: Part of the benefits of being a…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Similar questions

Detail and discuss the expenses involved in opening for business and how the capital can be arranged.
You are considering buying an operating business. What are the most important issues you will look at before deciding on the purchase? Why?
.Every entrepreneurial venture must have a legal structure. Prospective entrepreneurs need to identify the structure that will best suit the business venture. Name and explain the three primary legal ways to form a business.
Zoey is the CEO of a corporation she organized herself, and the corporation has 15 shareholders. The company operates in several states, as well as outside of the U.S. Her business consists mostly of training services for in-home medical care personnel. Her company would be a __________ corporation. Subchapter S Closely-held Professional
Being a franchisees seems to be a mechanism for growth, but what are the growth prospects for entrepreneurs who are franchisees? Isn't the entrepreneur limited to his/her ability to pursue different types of growth strategies? Is being a franchisee simply substituting one type of employment for another type of employment? How can a franchisee grow his/her business?
ranchising is an arrangement in which a supplier grants a dealer the right to sell products in exchange for a percentage of total sales, equipment, buildings, management, and marketing assistance. If you were opening a retail business, would you prefer to open an independent store or a store under a franchise agreement? Why?
What are the relative advantages and disadvantages of settings up a wholly owned subsidiary instead of a joint venture? Explain in detail
Is growth a good thing for all firms? How does manageent know when a firm is ready to grow?
Define private limited liability business with appropriate examples. Briefly explain three main characteristics of a private limited liability business?

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Part of the benefits of being a franchisee is that you have access to: O marketing and advertising. company information about the franchisor. unlimited funding from the franchisor. O the knowledge, process and trademarks of the franchisor.