Maximizing Profitability
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Questions and Answers

What is the main reason for diversifying a franchise portfolio?

  • To protect from serious loss if one business faces challenges (correct)
  • To follow passion rather than randomly selecting franchise brands
  • To reduce the need for strategic decision-making
  • To increase competition among different franchises

    • Why is it important to vary your franchise portfolio?

  • To centralize your investments for easier management
  • To limit the need for market knowledge and creative energy
  • To focus on a single brand for better brand loyalty
  • To avoid putting all of your eggs in one basket (correct)

    • What does diversifying a franchise portfolio help reduce?

  • Volatility and risk (correct)
  • Brand loyalty and market presence
  • Income and stability
  • Competition and market knowledge

    • What is the ideal time for diversifying and growing a franchise portfolio?

    <p>In the post-pandemic world (D)</p> Signup and view all the answers

    What does diversification allow franchisees to apply to another brand?

    <p>Business acumen, market knowledge, and creative energy (C)</p> Signup and view all the answers

    Putting all of your eggs in one basket can lead to failure in the franchise business world.

    <p>True (A)</p> Signup and view all the answers

    Diversification is not important for a successful business portfolio.

    <p>False (B)</p> Signup and view all the answers

    Franchisees should randomly select franchise brands without following their passion.

    <p>False (B)</p> Signup and view all the answers

    The disruption brought on by the pandemic has made it a bad time to diversify and grow a franchise portfolio.

    <p>False (B)</p> Signup and view all the answers

    Adding concepts in different industries to a franchise portfolio will reduce volatility and risk.

    <p>True (A)</p> Signup and view all the answers

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