Assignment heading :FedEx Express delivery service

1.Describe what the franchise does and how many products or services do they provide? ( 4 marks)

2.Outline the purchase price, start up, licensing and set up costs and fees related to getting into the franchise business. ( 10 marks)

3.Compare 3 advantages of running your chosen franchise to being an entrepreneur and starting your own business?Answers must be specific to the franchise you have chosen. (6 marks)

4.Compare 3 drawbacks of running your chosen franchise to being an entrepreneur and starting your own business? Answers must be specific to the franchise you have chosen. (6 marks)

5.Create a SWOT analysis for your franchise if you opened one in your local area. (8 marks)

6.Running any business is a challenge, describe 3 characteristics that you believe a franchise owner must have and describe why you think it is important to the specific franchise you picked. ( 6 marks)

7.Choose an individual product or service your franchise sells and confirm the price.Estimate annual sales and show your calculation.For example a city has 100,000 people and estimated average annual usage of something is $5 of your product, your annual sales would be 100000 x $5. (5 marks)

8.Now that you have total annual sales volume and the price we will assume this is at supply and demand equilibrium.Include this graph in your assignment.If necessary, draw it by hand, take a camera shot and email it to me.You could also use excel or painter. (5 marks)

Using your knowledge of supply and demand factors, create one scenario that would cause the price to go down.Redraw your graph showing the new equilibrium price.Describe the market factor that caused the shift.If necessary, draw it by hand, take a camera shot and email it to me.You could also use excel or painter. (5 marks