What is franchising - Study guides, Class notes & Summaries

International Business Chapter 2 Questions and Answers Graded A+ What makes a company international? 1. owning a retail outlet in another country 2. Owning a manufacturing plant in another country 3. Importing/exporting internationally 4. Investing internationally International Business conducts transactions across national borders Globalization development of an increasingly integrated global economy (free trade, free flow of capital...) Pros of Expansion company growth, new ma...

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...

Test Bank For Entrepreneurship: The Practice and Mindset 1st Edition by Heidi M. Neck Christopher P. Neck ,Emma L. Murray Chapter 1: Entrepreneurship: A Global Social MovementTest Bank Multiple Choice 1. The authors define entrepreneurship as . a. a discipline that seeks to understand how opportunities are discovered, created, and exploited, by whom, and with what consequences b. starting a small business by finding investors and launching a product c. developing a new market by creating a produ...

True / False 1. As access to technology rises and barriers to trade fall, individual economies around the world have become more independent than ever before. a. True b. False ANSWER: False 2. Despite their huge populations, China and India represent a much smaller opportunity in terms of size and economic growth. a. True b. False ANSWER: False 3. International trade helps even out some of the resource imbalances among nations. a. True b. False ANSWER:...

OTE2601 Assignment 02 Due 2024. 100% pass guaranteed......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 fo...

Market Screening - Firm is able to identify desirable markets Country screening (Ex. Brazil) First screen (Basic needs potential) - Influenced by climate, geography, natural resources. Some needs easy to assess(Industrial goods) while others are harder (Desire for chocolate). Data incudes Imports, local production Second Screening (Financial and Economic Forces) - market indicators: economic data used to measure relative market strength of countries or geographic areas ex: market size, ma...

OTE2601 Assignment 02 Due 2024. 100% pass guaranteed.....This document contains answers for the following questions:.....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). ...

TLI 152 Week 1 - 8 Quizzes | Questions and Answers The global economic trend has been for ________ countries to move toward ________. Capitalist; socialism The way in which a country's resources are utilized to produce goods and services and the way those goods and services are distributed among those who desire to have them depends upon the Economic system under which the country operates. What is the term for the periodic rises and falls that occur in economies over time? Business Cycles Wh...

Primary goal of management is to increase ___________. correct answers Shareholder Value If you're not growing you're ______. correct answers Dying What is essential to a company's success? correct answers Growth Shareholder Value = correct answers Market Value Public Company is easy to _________, hard to ______. correct answers Measure; mangage Private Company is only worth: correct answers What you can sell it for The bigger you get the harder it is to grow ____. correct a...

Introduction to Management Exam 2 University of Iowa Verified Solutions What are the forces for internalization? ️Modern communication technology Air travel Corporate globalism Internalization Process ️Stage 1: Exporting Manufacture products and ship them abroad Stage 2: Cooperative contracts Franchising/Licensing Stage 3: Strategic alliances Companies combine resources/technology to share costs and split profits Stage 4: Wholly owned affiliates OR Global new ventures**...