Questions from General Entrepreneurship

Q: Typically, if an individual franchise unit is losing money, does

Typically, if an individual franchise unit is losing money, does it still have to pay a monthly royalty to the franchisor? Explain your answer.

Q: Why is it important for a prospective franchisee to retain his or

Why is it important for a prospective franchisee to retain his or her own franchise attorney?

Q: What is the purpose of a franchise agreement?

What is the purpose of a franchise agreement?

Q: What are some of the aspects of franchising that make it subject

What are some of the aspects of franchising that make it subject to ethical abuses?

Q: Why is it important for a franchisor to develop detailed and thorough

Why is it important for a franchisor to develop detailed and thorough operating manuals?

Q: What is a core competency?

What is a core competency?

Q: How many core competencies do most start-ups have?

How many core competencies do most start-ups have?

Q: What are a firm’s key assets?

What are a firm’s key assets?

Q: Do you think that the business models of daily newspapers are viable

Do you think that the business models of daily newspapers are viable in the long run? If you were the owner of a daily newspaper in a major U.S. city, would you try to maintain the print edition of yo...

Q: What is a revenue stream and why is it so important to

What is a revenue stream and why is it so important to a firm’s short- and long-term success?