Question: Small Business Management MGMT-2025 Chapter 5 & 6 Patsy wants to go into business for herself and is thinking of buying a McDonalds franchise. Before

Small Business Management MGMT-2025 Chapter 5 & 6 Patsy wants to go into business for herself and is thinking of buying a McDonalds franchise. Before retiring, Ginger owned a Dairy Queen franchise and Patsy has come to her for advice. What advice about owning a franchise is Ginger likely to tell her? Use the class textbook and online research to answer the following questions. The second question is an exception as there is a specific link to answer the question. Discuss the following: 1. Identify and discuss the basic forms of franchising (8 marks), 2. Discuss the costs of becoming a Mcdonald's franchisee. The Financials Mcdonald's Canada (mcdonalds.com) (8 marks) 3. You want to give Patsy additional information about another local Franchise, so that she can compare. You need to research another local franchise and discuss the opening costs (8 marks). 4. Identify and discuss four legal considerations that should be discussed with a lawyer. (8 marks) 5. Discuss the advantages of franchising (2 marks)

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