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WorksheetsBUM181 Day 3
Total questions: 21
Worksheet time: 1hrs 21mins
Choose all methods to become an entrepreneur
Buying an Existing Business
Enter a Family Business
Buying a Franchise
There are a few items you need to consider when buying a business, select the correct items to conform to the 'buying checklist'
Industry and Market History
Furniture
Financial Statements
Inventory
Inflated Salaries
Which Organization is responsible for Health and Safety?
SAHO
AOHS
OSHA
SHOA
Who needs a safety certificate?
A _ enables you to operate a pre-existing business. You normally pay a fee, and will be allowed to use the organization's name for a limited time.
(a)
Why is Shrek so Shrexy?
Because Onions have layers
Because in the morning I'm Making Waffles
Because someone stole my gumdrop buttons
There are 3 things you need to consider when it comes to the financial aspect of Franchising. Please select all 3 that apply:
A fee to Trademark the Franchise
A fee to Cover All Debt of the Franchise
An Upfront fee paid to the franchisor
Capital items and Working Capital Costs
Royalty Fees
Shrek decided to buy Lord Farquads Dynasty. What are the costs he needs to keep in mind by buying into this Franchise?
Advertising Fee
Inititial Franchising Fee
Onion Fees
No Fees are required to be paid
What does the abbreviation FTC stand for? The FTC is responsible for the All-Important Disclosure Document.
Federal Trade Commision
Franchise Trade Commission
Financial Trade Commision
For Real Troll Comity
Investing in an existing business, what are the most correct things you need to consider:
Advertising Payments
Continuing Royalty Payments
Product/Service Supply Costs
Delivery Costs for Finished Products
Identify the 5 Stages of growing a business and give a short description for each.
Try and do this without looking at the slides, this will really benefit you to know what you need to study and work on!
EXTREMELY IMPORTANT THAT YOU KNOW THIS SECTION BY HEART!
Growth is normally measured in a couple of ways. Identify 3 of these methods.
Increase in Number of Employees
Increase in Profit
Increase in Net Worth
Increase in Employee Motivation
Increase in Average Amount of Customers
Use the following canvas to Draw Shrek Buying a Mcdonald's Franchise
_ growth allows the entrepreneur brings new resources together in an innovative combination to create new value
(a)
_ Integration is when a venture acquires a business above or below it in the supply chain.
(a)
A (a) is a combination of two or more parties that seek the development of a single enterprise or project for profit, sharing the risks associated with its development.
A _ is the combination of two firms, which subsequently form a new legal entity under the banner of one corporate name.
(a)
An _ is a corporate action in which one company purchases most or all of another company's shares to gain control of that company.
(a)
What Car does your lecturer drive?
2021 Mazda 2. 1.5 Dynamic Auto
2022 Mazda 2. 1.5 Dynamic Auto
2021 Mazda 3. 1.5 Dynamic Auto
2020 Mazda 2. 1.5 Dynamic Auto
What Franchise do you think will Achieve Success in Pretoria North if you were to make use of a franchising opportunity?
Keep in mind location, competitors and the mindset of people.
Please do some research if you are not aware of some of these companies.
CostCo
Starbucks
WallMart
Target
Popeyes
Stage 5: Decline is always part of the growth cycle of a business.
True
False
I have not studied this yet/Did not listen in class.
When growing a business. Stage 3 is called Breakthrough. This growth that happens is normally so big and fast that the entrepreneur cannot keep up with this.
True
False
Life is Suffering
