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MLA
Subject:
Business & Marketing
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Essay
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English (U.S.)
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Topic:
Franchises and partership. Business & Marketing Essay.
Essay Instructions:
answer each question in a short paragraph
1.Why do established franchises have a lower business failure rate than businesses started from scratch?
2.What important questions should you ask before becoming a franchisee?
3.Research and report on the franchise terms for a well-known franchise.
4.What is difference between general and limited partners?
5.Describe a situation in which a general partnership would be preferred and a situation when a limited partnership would be preferred.
Essay Sample Content Preview:
Name
Instructor
Course
Date
FRANCHISE AND PARTNERSHIP
Why do established franchises have a lower business failure rate than businesses started from scratch?
This is because the franchise organization model offers the franchisee the chance to grow under a corporate brand and share the profits of a bigger group of business owners (Abell 36). When establishing a franchise, the risk of failure and loss of investment is low compared to starting a business from scratch.
What important questions should you ask before becoming a franchisee?
Before becoming a franchisee, it is imperative to answer these questions. These questions include;
Can you provide additional financial assistance?
How are disagreements and conflicts solved?
Will the franchisor assist me to find a suitable location?
Research and report on the franchise terms for a well-known franchise
The following are examples of franchise terms for a well-known franchise.
Advertisement funds- these funds are used by the franchisor to market the products. Partners contribute monthly funds to cater for the advertisements alongside o...
Instructor
Course
Date
FRANCHISE AND PARTNERSHIP
Why do established franchises have a lower business failure rate than businesses started from scratch?
This is because the franchise organization model offers the franchisee the chance to grow under a corporate brand and share the profits of a bigger group of business owners (Abell 36). When establishing a franchise, the risk of failure and loss of investment is low compared to starting a business from scratch.
What important questions should you ask before becoming a franchisee?
Before becoming a franchisee, it is imperative to answer these questions. These questions include;
Can you provide additional financial assistance?
How are disagreements and conflicts solved?
Will the franchisor assist me to find a suitable location?
Research and report on the franchise terms for a well-known franchise
The following are examples of franchise terms for a well-known franchise.
Advertisement funds- these funds are used by the franchisor to market the products. Partners contribute monthly funds to cater for the advertisements alongside o...
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