Franchising is a form of business ownership in which a firm that already has a successful product or service licenses its trademark and method of doing business to another business in exchange for ________.
A) an initial franchise fee and an ongoing royalty
B) a one-time franchise fee
C) an equity position in the new business
D) an ongoing royalty
E) an initial franchise fee and an equity position in the new business
Question 2
An opportunity has four essential qualities. It is (1 ) rare, (2 ) attractive, (3 ) timely, and (4 ) anchored in a product, service, or business that creates or adds value for its buyer or end user.
Indicate whether the statement is true or false
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