Question: Subject : Small business management Please answer question 1. Todd Finkle, a college professor at a major university in the mid-western United States, is passionate

Subject : Small business management Please answer

Subject : Small business management Please answer question 1.

Todd Finkle, a college professor at a major university in the mid-western United States, is passionate about fly-fishing, which he learned as a child from his father. So, his interest was piqued when he heard that his favourite fly-fishing rod manufacturer, Thomas and Thomas, was for sale. Founded in 1969 and well known among fly-fishing aficionados, Thomas and Thomas has a solid reputation, good products, and a loyal customer base. 1. Finkle has decided to expand his business by franchising and Adam who wants to become an entrepreneur is interested in being a franchisee of Thomas and Thomas. Advise Adam on the pros and limitations of franchising system. (20 marks)

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