Question: A friend of yours heard her roommates talking about different
A friend of yours heard her roommates talking about different kinds of franchises. Before she could ask questions, they left for a team meeting to work on a class project. Your friend knows that you are taking an entrepreneurship course. She asks you: What are the differences between a product and trademark franchise and a business format franchise? For a first-time entrepreneur, she wonders, is there an advantage to one of these types of franchise arrangements compared to the other one? If so, which one is more advantageous for the first-time entrepreneur to pursue and why?
Answer to relevant QuestionsHow could Prim’s co-founders have better anticipated that laundry services would eventually see Prim as siphoning off their own business and be reluctant to work with them? If a student has a promising business idea, what can s/he do while in college to improve his or her chances of being accepted into a well-regarded incubator or accelerator program? Bill Watts has decided to buy a sub shop franchise called Super Subs. He lives in Cedar Falls, Iowa, and will be the first Super Subs franchisee in the state. Along with buying a Super Subs franchise, Bill would also like to ...Suppose you are an American citizen living in Japan. You just lost your job with an electronics company that merged with a firm in Singapore. You would like to stay in Japan and are thinking about buying an American business ...What do you think about Game Truck’s basic concept?
Post your question