Ch 10 pt 1
entrepreneurs should do this with resources instead of owning them
what is control?
This advisor helps entrepreneurs protect the venture and manage legal risk
What is a attorney?
The main group of people a franchise business aims to attract as potential franchise owners or investors, based on their interests, financial resources, skills, and business goals describes what?
What is the Primary Target Audience (PTA)?
What is centre to the franchise relationship model
what is the customer?
What station is closest to this campus?
What is yotsuya station?
A three letter abbreviation which contains the examples of money from friends and family, bartering, and free guides.
entrepreneurs should understand the meaning of _ before signing it, even if their attorney has reviewed it.
What is a contract/legal document?
the two partners between whom franchising splits the stakes, risk, and reward, are?
Who is franchisor and franchisee?
franchises buy things in bulk which saves them money
what is economies of scale
Where is marry from?
Committing the minimum amount of resources at each stage or decision point is called this
What is Bootstrapping
This advisor provides loans for equipment, inventory, or working capital
What is a banker/lender?
what percentages makes up the working class and middle class that represents the US mass market?
what is the middle class (32%) working class (38%) ?
Any selling point of Wendys
First drive through, big front window or kitchen designed for double and triple patties
When is Sams Bday month?
When is December?
if you don’t want a formal board, you can use this instead.
What is advisory board
These are the main factors entrepreneurs should consider when choosing an accountant
What are service, needs, and cost?
what are the four levels at which a franchise concepts can operate
what are local, regional, national, and international?
What is it called to use the brand without pulling your own weight
Where did Andrew Cheng get his MBA
Where is Waseda University?
Congress passed the Sarbanes-Oxley Act, or SOX, in this year
When is 2002
This was described as lifeblood of venture because a company needs it to pay bills and employees.
What is cash?
based on the franchise risk profile template, which direction shows a low risk and low return?
left
The 4 components of Franchise relationship model
Name the three primary shapes of bacteria
Cocci (round), Bacilli (rod shaped), Spirilla (spiral)