A person or company who develops a franchise and specifics the terms and methods of the agreement Franchisor Developer Franchisee Manager An entrepreneur can be both an employee and an owner. True False Which is not a way entrepreneurs find business opportunity? New ways to use existing technology Raising prices in an existing market Producing a product more cheaply New technology What type of franchise AGMC covers? Business-format franchising Product and trade-name franchising Master franchise Area franchise Regardless of various drawbacks, the basic advantage to have a franchise business is: Low Cost Creativity and freedom Start-up assistance & Instant recognition All of the above