Identify and describe at least four of the key terms in franchising.
Answer to relevant QuestionsDiscuss the pros and cons of franchising from the viewpoints of both the potential franchisee and the potential franchisor.What are some common reasons that owners offer their businesses for sale? Which of these reasons might a buyer consider to be negative?Should a son or daughter feel an obligation to carry on a family business? What might happen if that prospective successor chooses not to join the firm?1. What advice do you have for Morris and Ellen? 2. What recommendations do you have for preparing children to lead changes in a company?What are some common mistakes that entrepreneurs make in writing a business plan.
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