I’m studying for my Management class and don’t understand how to answer this. Can you help me study?
There are many examples of franchise systems. Most people think of fast-food franchises, such as McDonald’s and Burger King, but many franchises provide a variety of other goods and services including auto repair, tax advising, consulting, real estate, fitness, educational, and dental services.
Research a franchise opportunity from the labels listed above, you might consider opening in another country. Identify and describe the opportunity, including background on the country. Analyze the benefits and drawbacks of buying that franchise, and how this may be unique to this business segment. Review the services and support provided to the small business entrepreneur by the franchise. Discuss the drawbacks and advantages of owning a business in the country you select. Discuss how you would use the business valuation techniques mentioned in Chapter 7 of the textbook to determine a value for purchasing an existing franchise opportunity.
Your paper should be 3-5 pages in length and conform to the APA standards. Include at least 3 scholarly references in addition to the course textbook, which may include credible sources in print, or from the internet (.org and .com sites are not to be used, but books, journal articles, .edu and .gov sites may be considered as possible avenues for resource materials).