What is franchising?
Answer to relevant QuestionsWhat are the costs involved in purchasing a business format franchise? Are these costs similar across franchise systems, or do they vary widely? Which costs are one-time costs and which costs continue indefinitely? What is the purpose of a franchise agreement? A growing number of franchise organizations, including Wings Over, Great Harvest Bread Company, and Beef O’ Brady’s, are allowing their franchisees to tweak their menus and change the appearances of their facilities, to ...Look at Table 15.2. Of the ways mentioned in this table for franchisors to develop franchisees, which ones are the most important for School of Rock to emphasize to support its franchisees? What are some of the issues an entrepreneur should consider when answering the question, “Is franchising a good choice for me?” Briefly describe the profile of someone who isn’t suitable for franchising.
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