Directions: Students are required to work individually, read the required chapters, use Microsoft Word to write answers to the following Questions $($Questions below$).$ After completion, students are required to upload the questions and their answers in Microsoft Word $($as an attachment$)$ for grading. $-$ Note: No PDF file allowed $-$ ONLY Microsoft File allowed and required.

$****$Please note that your answers MUST be in complete sentences and free of grammar and spelling errors to earn the full credit.

$****$ Reference$($s$)$ Requirement: $-$ Two $(2)$ complete APA References required $-$

Please note that our reading Textbook can be used as one reference.

If you DO NOT know how to do APA references, then please note that you are required to contact NHCC Library by: e$-$mail, or by phone, or in person to get help on how to do APA references.

Note: Without the required two $(2)$ APA References, you will lose four $(-4$ points$).$

Chapter $5-($Worth $12$ points$)$

What are the advantages of buying a franchise operation? What are the disadvantages of buying a franchise operation? $(3$ points$)$

What are the advantages of owning your own independent business? What are the disadvantages? $(3$ points$)$

Imagine that you decided to start your own business or buy a business, which route would you take? Franchise or uniquely you? Cash$-$based, service$-$based, or inventory retail$/$wholesale$?$ Please be sure to explain why? $(6$ points$)$

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Chapter $6--($Worth $5$ points$)--$

Why is it important for laboratory people to follow their new product ideas through production and marketing? $(2$ points$)$

Imagine that you are a business advisor or a business consultant, what advice$($s$)$ would you give to a multibillion$-$dollar corporation to keep its entrepreneurial spirit alive. Plus, what advice$($s$)$ would you give to a small business company to keep its entrepreneurial spirit alive. Please be sure to explain. $(3$ points$)$

Reflection $--($Worth $3$ points$)--$ Please tell us what did you learned and$/$or found interesting from completing this assignment. Did you learn anything that you could use and$/$or benefit you in the future?