Pls send the answers i need it -GIVING BRAINLIST
2 answers:
1)Franchise is a form of acquiring a business where you purchase a business idea. It could be an established business or one that will be established.
2) Mary is the franchisee as she is the person who buys the the franchise and the right to reproduce the idea by offering the same products or services.
Plumbers U is the franchisor as they are the business who seeks the right to trade in products or services; they sell the franchise.
3) Mary is the franchisees, as she is the person who purchases the right to reproduce the idea by offering the same product or services.
4) Advantages and disadvantages are in the photo sent
5) Plumbers U will continue to receive 12% of profit. (Advantage)
If Mary fails , then whole franchise will be affected, it could result in the franchise experiencing great financial loss.(disadvantages)
6) it allows them to experience profit and could allow room for expansion of the franchise. If more people are in interest in franchising the business they’ll be able to expand the business in different areas and regions which could be beneficial for the business and a great investment for profits.
6) Yes , Mary made the right decision. Purchasing an established business means the market research has already been made. There is already an established customer base that exists. If Mary wanted to start her own business, the bank would most likely decline her financial assistance (loans) since starting a new business is a risk venture. . However banks will be more readily to grant financial assistance since the business is already established.
Please mark as a brainlist. It would be appreciated. Hope these answers help
2) Mary is the franchisee as she is the person who buys the the franchise and the right to reproduce the idea by offering the same products or services.
Plumbers U is the franchisor as they are the business who seeks the right to trade in products or services; they sell the franchise.
3) Mary is the franchisees, as she is the person who purchases the right to reproduce the idea by offering the same product or services.
4) Advantages and disadvantages are in the photo sent
5) Plumbers U will continue to receive 12% of profit. (Advantage)
If Mary fails , then whole franchise will be affected, it could result in the franchise experiencing great financial loss.(disadvantages)
6) it allows them to experience profit and could allow room for expansion of the franchise. If more people are in interest in franchising the business they’ll be able to expand the business in different areas and regions which could be beneficial for the business and a great investment for profits.
6) Yes , Mary made the right decision. Purchasing an established business means the market research has already been made. There is already an established customer base that exists. If Mary wanted to start her own business, the bank would most likely decline her financial assistance (loans) since starting a new business is a risk venture. . However banks will be more readily to grant financial assistance since the business is already established.
Please mark as a brainlist. It would be appreciated. Hope these answers help
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