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1. List and explain the advantages and disadvantages of Small Business Ownership. 2. Explain the following important aspects of starting a business. - Business plan

1. List and explain the advantages and disadvantages of Small Business Ownership.

2. Explain the following important aspects of starting a business.

- Business plan

- Forms of ownership

- Financial resources

4. What is Franchising? Explain the advantages and disadvantages of franchising.

5. What is Sonic's competitive advantage over other fast-food franchises?

6. What are the advantages of becoming a Sonic franchisee?

7. What are the disadvantages of buying into the Sonic franchise?

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