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?
- Relating
- Incubating
- Consulting
- Networking (correct)
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:
- Trade creditor
- Franchisee (correct)
- Industrialist
- Venture capitalist
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?
- Directing
- Planning
- Controlling (correct)
- Organizing
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?
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?
After completing a SWOT analysis, what should a company do next?
After completing a SWOT analysis, what should a company do next?
What is one advantage of buying a franchise?
What is one advantage of buying a franchise?
Why is marketing assistance considered beneficial when buying a franchise?
Why is marketing assistance considered beneficial when buying a franchise?
Which of the following is a disadvantage of buying a franchise?
Which of the following is a disadvantage of buying a franchise?
How does group buying power benefit franchisees?
How does group buying power benefit franchisees?
What is a potential risk associated with buying a franchise?
What is a potential risk associated with buying a franchise?
How do established systems benefit franchisees?
How do established systems benefit franchisees?
What is a common disadvantage of buying a franchise?
What is a common disadvantage of buying a franchise?
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?
What should individuals do before deciding to buy a franchise?
What should individuals do before deciding to buy a franchise?
Why can disagreements and misunderstandings between a franchisee and franchisor be damaging?
Why can disagreements and misunderstandings between a franchisee and franchisor be damaging?
In what way can strict oversight from franchisors impact franchisees?
In what way can strict oversight from franchisors impact franchisees?
Why might building a franchise from scratch be challenging for franchisees?
Why might building a franchise from scratch be challenging for franchisees?
