The advantages of using a franchising strategy to pursue opportunities in foreign markets include : Having franchisees bear most of the costs and risks of establishing foreign locations and requiring the franchisor to expend only the resources to recruit, train, and support and monitor franchisees.
<h3>What is franchising?</h3>
Franchising is a marketing concept in which when adopted by an organization, can be used as a strategy for business expansion.
The Franchisor is the original business owner who sells the right, intellectual property and use of its business model to use its business name and idea.
Basically, franchise provides the opportunity to buy into a successful business model which has track record, solid supply chain and expert technical support.
Learn more about franchising here : brainly.com/question/12879015
Answer:
1. Population groups: target groups
2. Mission statement: philosophy
3. Human services: social services
Explanation:
This is the best way to connect these terms. A population group refers to a section of the population that is discussed or targeted in a particular project or campaign. These can refer to ethnicities, ages, or some other social characteristic. A mission statement refers to a phrase or an idea that drives the work of a particular organization. Finally, human services refers to a range of social services that are usually provided by the government or by organizations. These usually include services such as healthcare or education.
Answer:
The good time to start your business is when When the economy is strong
<u>Explanation:</u>
Beginning a business is like starting a relationship; the appropriate time to establish a business is the point at which you have the opportunity to give your consideration about the business. The best time for beginning a company should not be affected by one’s age.
Individuals of all ages can start a business, and you might be astounded to realize that most entrepreneurs in the US are more seasoned; 51% of proprietors of independent companies have many years of operations and still successful.
<span>The nominal group technique which is a group process involving problem identification, solution generation, and decision making. Its uses are in groups of many sizes, who want to make their decision quickly, as by a vote, but want everyone's opinions taken into account</span>
Answer:
True
Explanation:
If there is a more number of compounding periods within a year so it would result into the higher price of future value for lump sum investment in year 0 but the case would be adverse with the present value i.e there is less amount in the present value with regard to lumpsum amount i.e to be recieved in the future date
Hence, the given statement is true
