UNDERSTANDING BUSINESS W/ACCESS
13th Edition
ISBN: 9781266514548
Author: Nickels
Publisher: MCG
expand_more
expand_more
format_list_bulleted
Question
Chapter 5, Problem 3VC
Summary Introduction
Case summary:
More than one half million businesses are launched in United States. Every one out of ten aspiring businesses is franchise based. T and J opened a pizza store in
It is very risky, difficult and time consuming to start a business from scratch. D has built the reputation and brand name in market with over 50 years of experience. That is why many aspiring business men want to open D franchise rather than a new restaurant.
D provides market and management assistance and training. D believe that for the success of the company, success of franchises is very important. Valuable promotions by the company itself let the franchise focus on their work rather than on promotional activities. D assists the franchise to get proper location for their business.
Country U remains the largest market for the company with over 5,000 stores. Menu might be different in some stores and the toppings are also unique in some stores of D. Every aspect of the D like uniform, store layout or training program remains same.
With the advancement of technology D also has provided various innovative platforms to order. The franchise business has been considered to be the most developed business model ever.
Characters in the case: Mr. J and Mr. T.
Adequate information: Mr. J and Mr. T started a pizza store with name DN in1960 but Mr. J sold his share to Mr. T and Mr. T continued the business as sole proprietor with the name D. Mr. T then started to franchise D and now D has over 18,000 franchises across the world.
To determine: Questions to be asked before becoming a franchise in a company like D.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
Reading list:1) Rice and the Climate Crisis 1/4: Thai rice farmers struggle against climate-driven challenges2) Rice and the Climate Crisis 2/4: Thai rice exports taking a hit, with lack of research and development an additional challenge3) Rice and the Climate Crisis 3/4: Singapore focusing on diversification, stockpiling amid changing rice yields from other countries4) Rice and the Climate Crisis 4/4: The significance of reducing food waste as climate change hits rice production5) Thailand seeks rice price pact with Vietnam to boost 'bargaining power'
Question: Based on the articles in the reading list, propose three (3) supply risk managementstrategies for Singapore. Please cite specific examples.
Article: Rice and the Climate Crisis 4/4: The significance of reducing food waste as climate change hits rice productionAdapted for academic purposes from: https://www.channelnewsasia.com/singapore/rice-and-climate-crisis-significance-reducing-food-waste-climate-change-hits-rice-production-2572866SINGAPORE: Food wastage has been in the crosshairs over the past few years, amid Singapore’s broader ambitions to become zero-waste.And it's an issue that will become more salient as climate change continues to hit global food production.9In 2021, Singapore generated 817,000 tonnes of food waste, a jump from the 665,000 tonnes in 2020, according to data released by the National Environment Agency this week.Despite years of campaigns, more public education is still needed, said Professor Paul Teng, Adjunct Senior Fellow (Food Security) in the S Rajaratnam School of International Studies.“The proposed saving techniques are already well known and rolled out – buy and cook only what you need,…
Thailand wants rice pricing deal with Vietnam for 'bargaining power' Academic adaptation from: https://www.channelnewsasia.com/business/thailand-seeks-rice-price-pact-vietnam-boost-bargaining-power-2711736?cid=internal_mcdrecs_04072022_cna#mdcrecs_s BANGKOK: On Friday (27 May), a Thai government official said Thailand and Vietnam are in talks to raise rice export prices to gain global market leverage and boost farmer incomes.
Thai and Vietnamese agriculture authorities, the world's second and third largest rice exporters, met in Bangkok on Friday to explore ways to support their farmers and rice sectors and control rising production costs. Thai government spokeswoman Thanakorn Wangboonkongchana said, "We aim to raise rice prices, increase farmer income and increase bargaining power in the global market," after talks at a farm expo. "The rice price has been low for more than 20 years while the cost of production has been increasing." Pricing increases were not immediately addressed by…
Chapter 5 Solutions
UNDERSTANDING BUSINESS W/ACCESS
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
Knowledge Booster
Similar questions
- Future Trends in Rice Supply for Singapore What are some upcoming challenges that could affect how Singapore gets its rice? Think about how past events, like Indonesia banning palm oil exports or India stopping wheat exports, caused disruptions. Could similar things happen with rice? Share some examples to explain your thoughts. I have researched on past Past examples of other soft commodities:- on 28th April 2022 Indonesia announced a complete ban on palm (cooking) oilbecause of domestic shortages resulting in rising prices. This ban was lifted 23rd May2022, three weeks later.- on 14th May 2022 India banned the export of wheat exports with immediate effect, tocalm local prices.- on 23rd May 2022 Malaysia announced the ban on export of live chickens toSingapore effective from 1st June 2022 - to curb domestic supply and pricing issues.This ban was eventually lifted 11 Oct 2022, four and a half months later.arrow_forwardHigh Supply Risk: Climate change is disrupting major rice-producing countries like Thailand and Vietnam. Limited global trade availability (only 7-10% of total production is exported). Currency fluctuations, freight costs, and government policies further threaten supply stability. 2. High Impact on Business: Rice is a staple food in Singapore, crucial for national food security. A supply shortage could lead to price inflation and food security concerns. Dependence on a few key suppliers makes supply chain diversification challenging. Procurement Strategy for Singapore: Diversify sourcing (e.g., increase imports from Myanmar). Invest in climate-smart rice research to improve resilience. Stockpile rice reserves to buffer against supply shocks. Strengthen trade agreements with key exporters like Thailand and Vietnam. Solution Rice should be positioned as a Strategic Item in Singapore's Kraljic Matrix due to its high supply risk and high impact on business (food…arrow_forwardDiscuss how partneships and collaboration contributed to Savannah Organics growth and sustainabilityarrow_forward
- Thailand's rice industry, which accounts for about a quarter of the world's global trade of rice, is facing a climate crisis due to frequent extreme weather events. The intensity and inconsistency of rain in 2021 has compromised the production of Thailand's most important crop, causing market turbulence, food security concerns, and leaving millions of Thai households facing economic difficulties. The industry is highly vulnerable to climate change, with Thailand ranking ninth in the world on the Global Climate Risk Index. Timing is crucial in rice growing, but the current climate conditions are making it futile. Climate change is expected to exacerbate inequalities, with rice production potentially increasing in irrigated areas while being stunted in rainfed regions. By mid-century, Thailand could expect a more than 10% decline in its overall rice yield, affecting regional food stability. Thailand, the world's third-biggest rice exporter, has struggled to regain its position as the…arrow_forwardEvaluate the role of government and institutiinal support in fostering entrepreneurship in this casearrow_forwardState and explain three types of entrepreneurshiparrow_forward
- Research Methods for Business Research Topic : Improving Customer Retention in Sandals resort hotel through Personalized Marketing Strategies 1. Based on the research topic please provide an introduction for a research report. Please use the screenshot for guidance on how to do the introduction. please add citations and references.arrow_forwardClassy Furniture Limited is looking to expand its operations due to increased demand and a partnership with HNI Corporation. The company decided to stay at its current location and expand the existing facility instead of relocating. This decision was made after discussions highlighted the costs and potential disruptions associated with moving. The expansion plan includes adding production capacity, installing modern equipment, and improving the working environment with air - conditioning and a dust - free paint shop. The project is budgeted at a maximum of $ 20 million and is expected to be completed in 18 months. However, the project team is currently facing challenges in managing key areas such as quality, human resources, communications, procurements, and stakeholder engagement. Additionally, the changes may impact scope, cost, time, and risk management, requiring careful planning and execution to ensure the project's success. Suggest the changes that should be made to the project…arrow_forwardClassy Furniture Limited is looking to expand its operations due to increased demand and a partnership with HNI Corporation. The company decided to stay at its current location and expand the existing facility instead of relocating. This decision was made after discussions highlighted the costs and potential disruptions associated with moving. The expansion plan includes adding production capacity, installing modern equipment, and improving the working environment with air - conditioning and a dust - free paint shop. The project is budgeted at a maximum of $ 20 million and is expected to be completed in 18 months. However, the project team is currently facing challenges in managing key areas such as quality, human resources, communications, procurements, and stakeholder engagement. Additionally, the changes may impact scope, cost, time, and risk management, requiring careful planning and execution to ensure the project's success. Suggest the changes that should be made to the project…arrow_forward
- d. Reflect on the impact of infrastructure on entrepreneurial ventures like Savannah Organics. What improvements could help reduce barriers? (3 marks) e. How important was Thato's ability to innovate and adapt in overcoming environmental challenges? Provide examples from the case to support your answer. (3 marks)arrow_forwardaccreditation. Thato had to work with international bodies, adding complexity and expense to her operations. Despite these challenges, Thato capitalized on the strengths of the entrepreneurial environment. She formed partnerships with local agricultural cooperatives and NGOs, enabling her to access shared resources, knowledge, and training programs. She also collaborated with the government to participate in a public-private initiative promoting sustainable farming, which provided her with a modest grant. Thato leveraged digital platforms to connect directly with customers, eliminating intermediaries and offering competitive pricing. Her ability to innovate and adapt proved critical in sustaining her business, even during economic disruptions caused by the COVID-19 pandemic. By the end of 2023, Savannah Organics had expanded its operations to 15 hectares, supplying produce to supermarkets across the country and partnering with health-focused restaurants. Thato's journey highlights both…arrow_forwardA sharing economy can be described as an economic model in which goods and resources are shared by individuals and groups in a collaborative way such that physical assets become services. The sharing economy enables people and organisations to earn profits from underutilised resources. Discuss using relevant example and referencing the impact of sharing economy. (20 marks)arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Foundations of Business (MindTap Course List)MarketingISBN:9781337386920Author:William M. Pride, Robert J. Hughes, Jack R. KapoorPublisher:Cengage Learning
Foundations of Business - Standalone book (MindTa...MarketingISBN:9781285193946Author:William M. Pride, Robert J. Hughes, Jack R. KapoorPublisher:Cengage Learning
Management, Loose-Leaf VersionManagementISBN:9781305969308Author:Richard L. DaftPublisher:South-Western College Pub
Understanding Management (MindTap Course List)ManagementISBN:9781305502215Author:Richard L. Daft, Dorothy MarcicPublisher:Cengage Learning
Foundations of Business (MindTap Course List)
Marketing
ISBN:9781337386920
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning
Foundations of Business - Standalone book (MindTa...
Marketing
ISBN:9781285193946
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning
Management, Loose-Leaf Version
Management
ISBN:9781305969308
Author:Richard L. Daft
Publisher:South-Western College Pub
Understanding Management (MindTap Course List)
Management
ISBN:9781305502215
Author:Richard L. Daft, Dorothy Marcic
Publisher:Cengage Learning