List and explain three of the common misconceptions about franchising
What will be an ideal response?
• Franchising is a safe investment. Franchising, in and of itself, is no safer an investment than any other form of business ownership.
• A strong industry ensures franchise success. While it is generally important to operate in a growing industry, the strength of an industry does not make up for a poor product, a poor business system, poor management, or inappropriate advertising. There are many firms that fail in growing industries just as there are firms that succeed in unattractive ones.
• The franchisor is a nice person-he'll help me out if I need it. Although it may be human nature to rely on the goodwill of others, don't expect anything from your franchisor that isn't spelled out in the franchise agreement.
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If employees no longer want to be represented by a union, a(n) ________ election is held
A) employer-contested B) consent C) decertification D) management-contested
The project manager and team can step back and examine how the project work was accomplished during the ________ phase of the project
Fill in the blanks with correct word