Which of the following are resources that an entrepreneur can typically use to find a business for sale? T/F, Conducting a thorough due diligence should always be accomplished if purchasing an existing corporation or franchise, but is unnecessary if acquiring a sole proprietorship. Education courses, What is the largest source of new business ideas among women? maintain a specified quality of performance. Which of the following is like a "snapshot" of the franchise's fiscal condition? a. Potential franchisees should evaluate franchisors' operations based __________. Opening a franchise business has a great deal in common with _________. The two main reasons for failure in business are: NOT: inadequate business plan and poor management. Solved Knowledge Check 01 Which of the following statement must be provided to the potential franchisee early in the process. B) Research WebThe Franchisor bills and received payment from the customer directly, and then after deducting its royalties and other fees and payments, sends the Franchisee the balance; If It is structured between single-unit and multi-unit franchises. test review chapter 7 Flashcards | Quizlet The potential value of any The approach to be used by a franchisee in providing the franchisor's products or services to the customer is called: Composite data about the franchise industry itself suggests which approach to franchising continues to experience strong growth: In 1979, the Federal Trade Commission established Rule 436.1, also known as the Franchise Disclosure Act, for the purpose of: diminishing illegal and unethical practices. whichever method the franchisor deems appropriate for a their particular business. This includes all of the following except: WebThe way to approach a new business venture is to think up a good or service that is unique. a. the owner's family stability and relationships. Obtain needed training from franchisees Which of the following is not a type of franchising according to the text? b. C) Uniformity WebStudy with Quizlet and memorize flashcards containing terms like All of the following are a new type of franchising opportunity except, Any costing saving resulting from franchises B. D) The community Which of the following types of financial ratios measures the ability of the franchise organization to turn sales into profits? In the franchise industry, the person or business providing the rights to an individual for the local distribution and/or sales of a specified product or service is called the: Probably the earliest example of franchising in the United States is most likely to be: A major reason for success of franchising is that the franchisor can use all of the following from the franchisee EXCEPT for the franchisee's: Which of the following industries provides the earliest and lasting example of franchising in the U.S. economy?
