Homework: Franchising & the Entrepreneur
Instructions
Answer the following questions 1 through 6 using a minimum of 600 words total in your paper (100 words addressing each question).
1. What is franchising?
2. Describe the three types of franchising and give an example of each
3. Discuss the advantages and disadvantages of franchising for the franchisee.
4. Why might an independent entrepreneur be dissatisfied with the franchising arrangement?
5. Fran Lubbs says "Follow the system. It's one of the reasons you bought the franchise, don't try to change it, break it, or fix it." Do you agree with her? Explain.
6. What steps should a potential franchisee take before investing in a franchise?
Format your homework according to the give formatting requirements:
1. The answer must be double spaced, typed, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also includes a cover page containing the title of the homework, the course title, the student's name, and the date. The cover page is not included in the required page length.
3. Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.
Reference
Scarborough, N. M. (2019). Essentials of entrepreneurship and small business management (9th ed.). Upper Saddle River, NJ: Pearson. ISBN 13: 9780136879664.