QUESTION ONE (20 Based on the case study above, how does owning an Anytime Fitness franchise differ from starting a fitness business from scratch, and what are some of the advantages and disadvantages of franchising in the fitness industry? QUESTION TWO (20 As a potential Anytime Fitness franchisee, what personal characteristics should you possess to ensure the success of your business? Explain how each characteristic would contribute to the success of your franchise. SECTION B [60 Answer ALL THREE (3) questions in this section. QUESTION THREE (20 A farmer wants to start a new business and produce organic vegetables for the local community. To do so: the farmer needs to understand the different factors of production that are necessary for the business to operate successfully. What are the FOUR (4) main factors of production required for the farmer to produce organic vegetables for the local community, and how does each factor contribute to the production process? QUESTION FOUR (20 Consider yourself as an entrepreneur planning to establish a new business. Discuss the factors that can significantly impact your decision-making process when selecting a specific business enterprise. Provide detailed explanations and examples to support your answer. QUESTION FIVE (20 You are a manager at a popular fast-food chain that has been operating in a specific area for many years. Recently, a new fast-food chain has opened up in the same area, offering a similar menu at slightly lower prices. This has caused your sales to decline and you are concerned about the threat of entry as a competitive force. Using the scenario provided, describe the threat of entry as a competitive force and how it is affecting the fast-food chain. What actions can the fast-food chain take to mitigate the threat of entry and remain competitive in the market? Provide at least FIVE (5) strategies and explain how they could be implemented