Franchises and partership. Business & Marketing Essay. (Essay Sample)
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.
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;
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