There are two primary advantages to buying a franchise over other forms of business ownership. First, the franchisor typically provides training, technical expertise, and other forms of support, and second, ________.
A) franchising is almost a sure way of making a profit
B) a franchise agreement is typically easy to exit if expectations aren't met
C) franchisors typically encourage creativity on the part of franchisees
D) the franchisor provides an entrepreneur the ability to own a business using a tested and refined business method
E) franchise organizations are consistently more profitable than non- franchise organizations in the same industry
Question 2
Nathan Green is starting a firm in the organic produce industry.
Nathan has developed a statementHelping Make Your Life Better, Healthier, and Fullerthat describes the reason his company exists and what his business model is supposed to accomplish. In the terminology used in the Barringer/Ireland Business Model Template, Nathan's statement is referred to as his ________ statement.
A) values
B) uniqueness
C) differentiation
D) mission
E) task
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