Entrepreneurship!!

Before creating a product, it is wise to ----------------
what it takes to proudce the product.

• Research

• find investors

• all of above

• create the phototype

A person who works for someone else??

• ptitude

• Entrepreneurs

• Employee

• Entrepreneurship

Which is NOT a disadvantage of Entrepreneurship?

• Risky

• Uncertain Income

• work long hours

• you are the boss

What type of entrepreneurial business actually produce the products they sell

• Manufacturing

• 
  

  Wholesaling

• Retailing

• 
  

  Service

What is a franchise ?

• where a buniesses sell the rights to their brand

• where you have full control

• where you keep all the profits

benfits of owning a franchise bunisess

• Easier to get finacing

• protected terriorty

• proven busniess model

• all of the above

fee paid from fanchisee to fanchisor based on percentage of sales?

• advertising fee

• royalty feee

• license fee

A franchise business model is used only in the food industry

• TRUE

• FLASE

Which is a franchisor?

• takes over a business

• allows others to use their brand and business for a fee

• buys into an extisting brand

Select the disavdngtes of the fanchisor

• the franchisor reatains control over the operationof the franchises

• the income of the franchisor is limited to royalties

• an underperfroming franchise can hurt the name and imange of the whole franchise group

• the franchisor must keep on close eye deleloping frnachises