Podcast
Questions and Answers
What term best describes Jessie seeking advice from other small-business owners on dealing with employees, government regulation, improving processes, and problem-solving?
What term best describes Jessie seeking advice from other small-business owners on dealing with employees, government regulation, improving processes, and problem-solving?
By choosing to purchase the rights to operate a Tim Horton's fast-food restaurant, Rachel Hollings is likely acting as a:
By choosing to purchase the rights to operate a Tim Horton's fast-food restaurant, Rachel Hollings is likely acting as a:
Which process ensures that the plans and strategies set by management are properly executed?
Which process ensures that the plans and strategies set by management are properly executed?
In strategic planning, which part focuses on evaluating the internal strengths and weaknesses of a company?
In strategic planning, which part focuses on evaluating the internal strengths and weaknesses of a company?
Signup and view all the answers
Which model is commonly used to analyze the competitive environment for a strategic business unit?
Which model is commonly used to analyze the competitive environment for a strategic business unit?
Signup and view all the answers
After completing a SWOT analysis, what should a company do next?
After completing a SWOT analysis, what should a company do next?
Signup and view all the answers
What is one advantage of buying a franchise?
What is one advantage of buying a franchise?
Signup and view all the answers
Why is marketing assistance considered beneficial when buying a franchise?
Why is marketing assistance considered beneficial when buying a franchise?
Signup and view all the answers
Which of the following is a disadvantage of buying a franchise?
Which of the following is a disadvantage of buying a franchise?
Signup and view all the answers
How does group buying power benefit franchisees?
How does group buying power benefit franchisees?
Signup and view all the answers
What is a potential risk associated with buying a franchise?
What is a potential risk associated with buying a franchise?
Signup and view all the answers
How do established systems benefit franchisees?
How do established systems benefit franchisees?
Signup and view all the answers
What is a common disadvantage of buying a franchise?
What is a common disadvantage of buying a franchise?
Signup and view all the answers
Which factor can make it challenging to maximize profits when owning a franchise?
Which factor can make it challenging to maximize profits when owning a franchise?
Signup and view all the answers
What should individuals do before deciding to buy a franchise?
What should individuals do before deciding to buy a franchise?
Signup and view all the answers
Why can disagreements and misunderstandings between a franchisee and franchisor be damaging?
Why can disagreements and misunderstandings between a franchisee and franchisor be damaging?
Signup and view all the answers
In what way can strict oversight from franchisors impact franchisees?
In what way can strict oversight from franchisors impact franchisees?
Signup and view all the answers
Why might building a franchise from scratch be challenging for franchisees?
Why might building a franchise from scratch be challenging for franchisees?
Signup and view all the answers