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BUS101FranchisingForms of Business #2 Flashcards | StudBud
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BUS101FranchisingForms of Business #2
BUS101FranchisingForms of Business #2
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#franchising
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1
One of the main drawbacks of franchising is that it requires a franchisee to:
take sole responsibility for all decisions in the business.
share the profits of the business with the franchiser
2
Eva used her savings to purchase the rights to own and operate a McDonald's, she is most likely
Intrapeneur
Venture Capitalist
Franchisee
3
Which of the following is one of the commonly reported advantages of franchising?
No restrictions on purchasing
No standardized procedures of operations
Management training and support
4
Which best describes an acquisition?
the combination of two companies to form a new company
the purchase of one company by another company
5
Which of the following best describes entrepreneurship?
creating & managing a business to achieve desired results
retailer acquires goods from producers to sell to customers
