1. What is the role of the franchiser when a franchise is purchased?

2. List three advantages of buying an existing business.

3. Imagine that you want to open a doggy-daycare business. Give an example of a human risk, a natural risk, and an economic risk associated with opening this business.

4. Using your answers from the previous question, give one way to manage or lessen the risk you identified.

5. Explain why starting a business from scratch is more difficult than purchasing a franchise, buying an existing business, or joining a family business.

Answers

Answer 1
Final answer:

The franchiser provides the franchisee with a proven business model and support. Buying an existing business offers advantages such as an existing customer base and trained employees. Owning a business entails various types of risk that can be managed through insurance, planning, and savings. Starting from scratch is harder due to the lack of a proven business model and customer base.

Explanation:

The role of the franchiser when a franchise is purchased is to provide the franchisee with a proven business model, including training, guidance, and support. They often provide resources for marketing and advertising as well.

There are several advantages to buying an existing business. Firstly, it has a provable track record of success. Secondly, it has an existing customer base. Finally, it has skilled and trained employees already in place.

If you want to open a doggy-daycare business, there are several risks you need to consider. A human risk could be an injury to a pet or employee. A natural risk might be a hurricane or flood that damages your facilities. An economic risk could be a recession, leading to less demand for dog daycare services.

To mitigate these risks, you might consider taking out insurance coverage, developing a business continuity plan, and putting aside savings for periods of economic downturn.

Starting a business from scratch is more difficult than purchasing a franchise, buying an existing business, or joining a family business because it lacks a proven track record, established business model, and potentially loyal customers.

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Related Questions

Which of these employee's primary duty is to see that the shop is run efficiently and that customers are satisfied with the services performed? A. Business owner B. Service consultant C. Shop foreman D. Service manager

Answers

D. Service Manager, I just took the test.

In a business setting that is ran in a shop, there is usually an occupation that specifically handles the satisfaction of the visiting customer. This is a job that is commonly done by (D) service manager.

A service manager usually has a team of employees who help her or him to ensure that the services are delivered in accordance to the requirements set by the business to make the customers satisfied.

The ________ is the strategic combination of tools used to reach targeted customers to achieve marketing objectives.

Answers

The promotional mix is the strategic combination of tools used to reach targeted customers to achieve marketing objectives.
Promotional mix is a combination of several promotional methods (mostly advertisings) in order to introduce a single product that sold by the company into the market share. 

Final answer:

The marketing mix is the combination of tools involving price, promotional activities, location, and sales channels used to achieve business objectives. It encompasses the four Ps: Product, Price, Place, and Promotion, ensuring a unified branding and marketing strategy.

Explanation:

The marketing mix is the strategic combination of tools used to reach targeted customers to achieve marketing objectives. It is the composition of a business's decisions regarding price, promotional activities, location, and sales channels, all of which need to be ongoing and consistent to effectively promote and sell a product or service.

The concept of the marketing mix is also known as the four Ps: Product, Price, Place, and Promotion. Businesses must carefully consider each of these aspects to ensure they work together harmoniously, creating a unified strategy that appeals to the consumers they want to reach.

Students learning about marketing will understand the importance of choosing the appropriate platforms and tools for meeting the desired objectives of their creation or communication, as indicated in standard 6a of the learning objectives.

The collection of feelings and beliefs that managers have about their organization as a whole is known as organizational:

Answers

 The collection of feelings and beliefs that managers have about their organization as a whole is known as organizational: organizational commitment
An organizational commitment is determined by the company's culture and how employees experience that culture while committing the time of their lives for the company.

Biology a food manufacturer doing market research on the possible customer demand for a new fast food item is an example of ________.

Answers

I would say the answer should be market research or research done to determine or estimate customer demand for a new fast food item which I believe would take into account such things in the demographics of age of potential customers, and income brackets among other things.

We are reading a book that contains an account of early space flights. what kind of of pronoun is that in the sentence

Answers

There are two pronouns in this sentence - the word 'we,' and the word 'that.' Since you didn't indicate which one it is you need to determine the type of, I will just explain both of them.
The pronoun 'we' is a personal pronoun, meaning that you would use this word to refer to yourself and others. Some other personal pronouns are: I, you, he, they, etc.
The other pronoun in the sentence is 'that,' and it is a relative pronoun. This means that it connects two parts of a sentence by referring to a noun in the first one. Here, the word 'that,' which can be substituted with the pronoun 'which' and have the same meaning, refers to the noun 'book.'
Indefinite pronouns are those such as somebody, anyone, etc. Interrogative pronouns are used in questions - which, who, etc. Demonstrative pronouns are used when you are pointing to something - Give me that book.

"That" is relative in the sentence

If a prep cook prepares ready to eat foods that will be held before service they may be kept for more than 24 hours if

Answers

Final answer:

Prep cooked ready-to-eat foods can be kept for more than 24 hours if properly stored and handled, following food safety measures.

Explanation:

If a prep cook prepares ready-to-eat foods that will be held before service, they may be kept for more than 24 hours if they are properly stored and handled.

Perishable foods should be kept at temperatures below 4 degrees C (40 degrees F) or above 60 degrees C (140 degrees F) to prevent bacterial growth.

It is important to follow food safety measures such as regular handwashing, proper storage, and thorough cooking to prevent foodborne diseases.

Statements such as, "money talks," "that's my car; isn't she beautiful," and "the wind moaned and screeched," are all examples of

Answers

The statements given are the examples of personification.

We can say personification is a type of speech, in which we give qualities to something. There are many reasons and situations behind using personification. For example in a statement, “money talks”, money is a thing but talk is a quality. We know that money can’t talk by mouth like us.

Alfred wants to invest $4,000 at 6% simple interest rate for 5 years. how much interest will he receive?

Answers

To get the interest after 5 years, use the formula for simple interest which is I = Prt.
Where the meaning of the variables are:
I = interest
P = principal
r = interest rate
t = time

So in the problem,
P = $4,000
r = 0.06 or 6/100 or 6% (but is usually expressed in decimal form)
t = 5 years

Plug those in the formula.

I = Prt= ($4,000) (0.06) (5 years)
= (240) (5)
= $1,200

After 5 years, Alfred will get $1,200 if he invest the $4,000 at 6 percent.
Final answer:

Alfred will receive $1,200 in interest.

Explanation:

Simple interest can be calculated using the formula: Principal x Rate x Time. In this case, Alfred wants to invest $4,000 at a 6% simple interest rate for 5 years. To calculate the interest he will receive, we can use the formula:

Interest = Principal x Rate x Time

Interest = $4,000 x 0.06 x 5

Interest = $1,200

Therefore, Alfred will receive $1,200 in interest.

How does the agile manifesto address planning?

Answers

Agile manifesto employed the idea that responding to change is more important than following a plan. Agile manifesto consider planning an expensive commodity which must be avoided. It makes allowances for change by not planing because it believe that change improves a project and add additional value.

Jane is 22 years old. for her job, she needs to take an intelligence test. which would be the most appropriate test for her age group?

Answers

I believe Jane can take the "IQ intelligence test" since it questions her knowledge and 'outside the box' situations of her job, as a participant.

Hope this helps :)

Robert's coworkers have decided to organize a strike against their employer. they say they won't report to work until they receive a pay increase. robert doesn't really feel this is fair because he knows the budget has been cut, and the employer is trying to discuss other ideas with the workers. robert decides to participate in the strike anyway. robert's actions can best be explained by:

Answers

Final answer:

Robert's actions can be best explained by the concepts of free riding and the collective action problem. Despite understanding the economic situation of his employer, he decides to participate in the strike, hoping to benefit from potential wage increases without having to bear the cost of understanding and accommodating his employer's economic challenges.

Explanation:

Robert's actions can best be explained by the concept of free riding and the collective action problem associated with it. The term 'free rider' refers to someone who benefits from resources, goods, or services without paying for the cost of the benefit. In the scenario, Robert knows the budget has been cut, and he understands his employer's position. Nevertheless, he decides to participate in the strike, hoping to enjoy the potential benefits (pay increases) without participating in the cost (forging an understanding with the employer).

Furthermore, Robert's situation also presents an instance of an implicit social contract between employers and employees. Despite understanding the challenging economic situation of his employer, Robert decides to behave contrary to this understanding because of the potential for a better outcome. This behavior is illustrative of the dynamics of the implicit contract which assumes that loyalty to an employer pays off in the long run, providing security against wage declines in bad times.

In summary, Robert's behavior is not an uncommon phenomenon in labor unions or employee groups. It's rooted in socio-economical dynamics, shared responsibilities, and perceived fairness in the workplace.

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A customer cannot be turned onto an organization just by meeting many caring "can-do" people

Answers

That statement is false

Study showed that being around caring "can do" people tend to make you feel more enthusiastic in facing a certain issue.
This feeling of enthusiasm increases the chance of people banding up together to achieve a common goal.


Seemingly out of the blue, harriot comes home from work one day and says to her partner sherry, "i've found someone else. i'm moving out tomorrow." the type of breakup this example represents is

Answers

the type of breakup this example represents is: sudden death
A sudden death breakup is a form of break up that seem to come out of nowhere without any form of build up.
The only reason this break up could happen is if the communication in that relationship is totally dead and they have no attachment toward one another

Compared to the whole-report technique, the partial-report procedure involves _____.
a. a shorter rehearsal period
b. a smaller stimulus set
c. a smaller stimulus set and a smaller response set
d. a smaller response set

Answers

D. A smaller response set

What percent of students with emotional or behavioral problems spend 80-100% of their time in general education settings?

Answers

I'm not sure this question should be in business, but the answer would be 39%

80–100% of 40 %  the time that adolescents with emotional or behavioral issues spend in general education settings

What is Emotional or behavioral problem ?

The following is how the DEA describes emotional disturbance: "...a condition exhibiting one or more of the following characteristics over time and to a noticeable degree that adversely impacts a child's performance in school:

(A) A learning disability that cannot be accounted for by mental, sensory, or physiological causes.

(B) A failure to establish or keep fruitful interpersonal connections with peers and educators.

(C) Under normal conditions, inappropriate behaviors or emotions.

(D) An all-encompassing state of general misery or sadness.

A propensity to experience physical symptoms or anxieties linked to personal or academic issues.

Unless it is found that a child has an emotional disturbance, children who are socially maladjusted are not covered by the IDEA's definition of emotional disturbance, which includes schizophrenia.

Characteristics

Emotional disturbances can have an impact on a person in ways that go beyond their emotional state, as is seen from IDEA's definition. A person's ability to function physically, socially, or cognitively may also be impacted, depending on the exact mental disease involved. This is very clearly stated by the National Alliance on Mental Illness (NAMI):

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What is the compliment that you have been paid that you are most proud of? who gave you the compliment?

Answers

It's the compliment that made by a customer where i work as a waiter.
She said that i was relly efficient in serving her and her family as a customer. I felt really proud when i was hearing it because efficiency and  customers' satisfaction is all i aim when i'm doing my job, and to know that it's noticed is a great reward on itself

A subtle form of racial discrimination in housing is "racial steering." racial steering occurs when real estate agents show prospective buyers homes only in neighborhoods already dominated by that family's race. this violates the fair housing act of 1968. according to an article in chance magazine (vol. 14, no. 2 [2001]), tenants at a large apartment complex recently filed a lawsuit alleging racial steering. the complex is divided into two parts, section a and section

b. the plaintiffs claimed that white potential renters were steered to section a, while african americans were steered to section

b. the table below shows the data that were presented in court to show the locations of recently rented apartments.

Answers

The table represented below is how the people were divided in the household.

As you can see, the white people have more privileged to stay in the household. And the consistency of having the black people rented are of minimum. This violates the policy because of it's unfair system to the people and the division of the homes.

Which of the following is not a liquid investment? CD Mutual fund Savings account Cookie jar

Answers

The one that is not considered a liquid investment is: Cookie jar
Even though placing your money on a cookie jar may be the most liquid fund that you have among the options above, it could not be considered as an investment because the amount of money you put in it would not be increased in value

The manner in which luis delivers bad news to his employees will have little to no effect on his credibility.

Answers

That statement is false

The manner in delivering bad news will determine the response of Luis' team members.
The most credible leaders tend to have the capability to deliver bad news in a way that motivate the team members to overcome the obstacles and increase their efficiency

Identify the component of an information system that consists of raw facts and is a major component of information systems.

Answers

The answer to this question is: Information
An information system is a set of command that i used to analyze available information in order to create a better decision for the company.
Which means that information will not be able to do any function of it does not possess the initial information, to begin with, so we can conclude that information is a major component of the information systems
Final answer:

The major component of information systems constituted by raw facts is known as data, which is foundational in providing reliable and true information for decision-making processes and efficient operation in the context of information overload.

Explanation:

The component of an information system that consists of raw facts is data. Data is a major component of information systems, representing fact: information that is true and can be proven correct or accurate. In any reporting structure, data addresses who, what, when, where, why, and how questions, providing reliable information. As part of the information system, data includes human software interactions in complex automated systems, particularly in support of decision-making processes of workers.

Through the use of data, farms that once relied on sources like the Farmer's Almanac have now evolved. They now harness detailed data streams from GPS, historical rainfall patterns, and weather monitoring services. This information is combined with crop yield data and soil quality measurements to make efficient production decisions. In the age of information overload, the capability to filter through and utilize vast amounts of data distinguishes successful businesses and operations from less profitable ones.

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Albert is the manager of a large retail store, with the authority to hire employees. the store does not have a specialized human resource executive, and albert himself conducts selection interviews. albert has not received any training on selection and recruitment. albert interviews people mainly to analyze if they have ability to address the latest problem that the store is facing. identify the bias facing albert in this case. representativeness framing contrast anchoring recency

Answers

Based on the given scenario above, the answer would be the last option: RECENCY BIAS. By definition, recency bias is a kind of bias which has the likelihood of reflect more on the recent events than on the earlier events. In the situation above, Albert, the manager does not have enough experiences in hiring and only bases the hiring process on how the applicant addresses the given problem. This should not be the only aspect to be considered upon hiring which makes this a bias.

Biology a(n) ________ stocks price is greatly affected by the state of the economy because the company makes a product that can have highly variable demand.

Answers

The answer is: A CYCLICAL PRODUCT. A cyclical product is one that is sensitive to the state of the economy; the demand for the product will be high during the time of economic prosperity and low during the time of economy down turn.

Which coin paradox calls for an alternative to be considered if an assessment of the effects of a course of action determines that more negative than positive effects may result?

Answers

The paradox is the one that says that' SOMETIMES DOING NOTHING IS THE BEST REACTION'. This paradox states that if the counterinsurgents assess a situation and discover that their reaction will bring more bad than good, in such a situation an alternative action should be considered including not reacting at all. 

Windmere allows its administrative employees to arrive any time between 7:00

a.m. and 9:00

a.m., and to leave any time between 4:00 p.m. and 6:00 p.m., as long as they work an eight-hour day. this arrangement is known as _____.

Answers

This is known as a flex hours policy. Employees can set their own hours of working, so long as they participate in a common core time for the company. This is a commonly sought employee benefit; and can contribute to employee satisfaction with work life balance.

If you invested $100 right now and earned a 10 percent return in your first year and then lost 10 percent in year 2, how much money would you have at the end of year 2

Answers

At the end of the second year, you would have $99. In the first year, you gain 10% which brings you up to $110. Then, you lose 10% of your $110, which is $11. You can subtract 11 from 110 giving you $99.

Which has the responsibility of making nominations for public office?

Answers

The political parties have the responsibility of making nominations for public office.  For appointed positions within the US federal government the president and the executive branch nominate appointees, who must then be approved by congress. This includes federal judges, US attorneys and the heads of the different departments, bureaus and agencies. However, people can be nominated by members of their respective parties. In some cases, people nominate themselves or offer themselves up as candidates. Hence, the political parties nominate people to run for public office positions. The various nominees from different parties are the ones presented as candidates to be voted for. 

Answer:

The Political Parties

Explanation:

Dad is making his famous "hunter's stew." the stew includes chunks of beef, potato, carrot and barley in a thick broth full of many hearty spices. as the stew is simmering in a pot on the stove, his son walks into the kitchen and says, "let's see if this stew tastes any good!" his son gets a big spoon and begins to dip his spoon into the top of the pot. before his son has a chance to get the spoonful of stew, dad yells, "mix the stew up before you taste it!" for this passage, name the intended sample, the intended target, the property in question, and explain why the son should stir the stew before he tastes it.

Answers

Based on the excerpt, the intended sample is the hunter's stew. The intended target is tasting the hunter's stew. The property in question is also the father's hunter's stew. 

In a mixture involving various ingredients, you must mix it first to diffuse all the components that might have settled at the bottom of the pot. The main purpose, therefore, of mixing the stew is to keep the taste of the stew uniform. So that wherever the son dips the spoon, he could taste the overall spice and taste of the hunter's stew.

A drought decreases the supply of agricultural products, which means that at any given price a lower quantity will be supplied; conversely, especially good weather would shift the

Answers

...... conversely, especially good weather would shift the SUPPLY CURVE TO THE RIGHT. Supply curve shifting to the right means that productivity is increased. An increase in agricultural productivity will leads to increase in supply of agricultural products which in turn will results in decrease in price for the products. 

William howard taft said, “this policy has been characterized as substituting dollars for bullets. it is one that appeals alike to idealistic humanitarian sentiments, to the dictates of sound policy and strategy, and to legitimate commercial aims.”

Answers

The name of the policy that is referred by William Howard Taft is: Dollar Diplomacy
Dollar diplomacy is a way to exert a country's authority without military strength but rather with financial power. This method is carried out through business investments and trading

Alice is a 52-year-old typist working in the same law firm as 28-year-old juliet. both are considered excellent at their job, even though alice is older and has some delay in her reaction time. what is it that permits alice to perform her job the same as juliet?

Answers

The likely reason as to why Alice has perform her job the same as Juliet because she likely has developed her selective optimization, in which it helps a person who is on an old age to be healthy and having an improvement of their well being. This is likely the cause as to why Alice can perform the same job as Juliet.
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