Question 1
Unlike venture capitalists, angel investors tend to ________.
◦ invest larger amounts of money in start-ups
◦ remain involved with the company for a very short time
◦ focus more on local opportunities
◦ be investment specialists with an extremely wide but selective approach
◦ invest mostly in high-potential areas
Question 2
Well-known examples of ________ include Taco Bell, Pizza Hut, The UPS Store, and Curves fitness centers.
◦ product franchises
◦ business-format franchises
◦ manufacturing franchises
◦ global franchises
◦ discount franchises