In this activity we study the topic of Franchising and explore it as an opportunity for business growth (franchisor) and for entrepreneurship (franchisees).

Review

Provide an answer each of the following questions. Make effort to write in this rather than copy verbatim from the textbook (this is how you learn).

1. What are the differences between a product and trademark franchise and a business format franchise?"
2. What are the differences among an individual franchise agreement, an area franchise agreement, and a master franchise agreement?
3. Which types of businesses would best be suitable for growth through franchise?
4. What are the main advantages and disadvantages of buying a franchise (becoming a franchisor)?
5. What isagency theoryin context of franchise relationship?

Discuss

Read Case 15.1: Quiznos: Will It Regain a Leadership Position in the Sandwich and Sub Shop Franchise Industry? (pp. 564, ff.)

1. 1. Why do you think Quiznos established the policies that caused so much angst among its franchisees?
   2. At one time, Quiznos' major source of competitive advantage was the fact that it toasted its subs. What was the inherent danger in promoting toasted subs as the franchise chain's primary source of competitive advantage? Explain.
   3. Of the four factors that caused Quiznos to lose market share, including identity crises, being at odds with franchisees, inconsistent advertising, and leadership changes, which factor do you think was the most damaging? Explain your answer.

This chapter will explain various variable types available in Java Language. There are three kinds of variables in Java

• Local variables
• Instance variables
• Class/Static variables

Local Variables

• Local variables are declared in methods, constructors, or blocks.
• Local variables are created when the method, constructor or block is entered and the variable will be destroyed once it exits the method, constructor, or block.
• Access modifiers cannot be used for local variables.
• Local variables are visible only within the declared method, constructor, or block.
• Local variables are implemented at stack level internally.

There is no default value for local variables, so local variables should be declared and an initial value should be assigned before the first use