Franchising Study guides, Class notes & Summaries

Entrepreneur - Answer-One who initiates and assumes the financial risk of a new business enterprise and undertakes to provide or control its management Sole Proprietorship - Answer-The simplest form of business organization, in which the owner reports business income on his or her personal income tax return and is legally responsible for all debts and obligations incurred by the business. Sole Proprietorship in TX - Answer-You can establish without filing any legal documents. 1) choose a B...

TABLE OF CONTENTS Chapter 1 Law, Society, and Bu siness Chapter 2 The Machinery of Justice Chapter 3 Government Regulation of Business Chapter 4 The Law of Torts Chapter 5 Professional Liability: The Legal Challenges Chapter 6 Formation of a Contract: Offer and Acceptance Chapter 7 Formation of a Contract: Consideration and Intention Chapter 8 Formation of a Contract: Capacity to Contract and Legality of Object Chapter 9 Contract Issues: Mistake and Misrepresentation Chapter 10 Writing and In...

Small Business Development Centers - Local offices- affiliated with the Small Business Administration- that provide comprehensive management assistance to current and prospective small business owners Entrepreneurs - People who risk their time, money, and other resources to start and manage a business Characteristics of an Entrepreneur - Vision Self-reliance Energy Confidence Tolerance of Uncertainty Tolerance of Failure Vision - Finding new solutions to old problems; being wild...

Entrepreneurial Businesses have the ability to make greater profits in markets that have been ignored by larger corporations. - True The business plan for small businesses should be at least 50 pages long. - False Venture capitalists typically do not invest more than $2 million. - False Entrepreneurial businesses fail to provide a means to meet the varied demands that individuals face in a society. - False A venture capital start-up is oriented toward the personal goals of the founders. - ...

Alternative Growth Strategies: • Marketing Penetration • Market Development • Product Development • Diversification Alternative Consolidation Strategies: • Harvesting • Pruning • Retrenchment • Divestment Final Exam Review Product Life Cycle: • Introduction • Growth • Maturity • Decline Branding: • Multiproduct vs. Multibranding • Private, Mixed, Sub-branding, Co-Branding • Line vs. Brand Extensions Final Exam Review Variables for Market Segment...

The valuation and Financing of Lady M Confections The valuation and Financing of Lady M Confections Lady M Confections is a cake wholesale business company. Founded in May 2001. Open their second bake ry in 2012 in The Plaza Food Hall in New York City. Sold cakes to upscale restaurants and luxury hotels in New York City. Opened a third shop in New York City and one in Los Angeles. Had licensed in both Singapore and South Korea. Signature dessert is called as ‘Mille Crepe’ SUMMARY Featured in...

WGU C723 Pre- Assessment (Latest 2023/ 2024) Quantitative Analysis for Business Exam |100% Correct| Actual Questions and Verified Answers| Grade A Q: A firm that manufactures reusable heating and cooling system filters needs a new supplier for two of the major filtering components. Five potential suppliers have been assessed using scores between 1 and 5, as shown in the following table (the higher score indicates better expected performance): Supplier ID, On-Time Delivery Cost, Cost, Capa...

ENTR 310 - Final Exam Question Bank (Hogan) Questions And Answers 2023 What is the process of creating new products, ventures, processes, or renewal within large organizations? I Michael is a franchise restaurant owner. Which of the following best describes his franchising costs? a franchise fee to start and a monthly royalty as a percentage of sales ______ are people who start several businesses, sometimes at the same time or sometimes one after the other. Serial entrepreneurs Entrep...

QUESTION 1 Every entrepreneur has certain expectations and goals when choosing a business. 1.1 What is a close corporation in business? Give one examples. (5) 1.2 You are a Grade 7 teacher leading a discussion on the different kinds of franchising. 1.2.1 What are the issues to consider when discussing about capital requirement for a franchise (10). 1.2.2 Do you agree with the assertion that businesses fail for a number of reasons? Substantiate on your answer by discussing the following; ...

General Principles of Commercial Law NINTH EDITION HEINRICH SCHULZE BLC LLB (Pret) LLD (Unisa) Advocate Professor of Law in the Department of Mercantile Law, University of South Africa ROSHANA KELBRICK BA (Pret) LLB (Stell) LLM LLD (Unisa) Attorney Professor of Law in the Department of Mercantile Law, University of South Africa TUKISHI MANAMELA BProc LLB (Unin) LLM (Unisa) Advocate Associate Professor in the Department of Mercantile Law, University of South Africa PHILIP STOOP B...