From Two Men and Truck to 220 Franchises and 1400 Trucks Two Men and a Truck operates in the _________, like nearly half of all small businesses.

production industry

distribution industry

restaurant industry

service industry

finance industry

For Mary Ellen Sheets, founder of Two Men and a Truck, owning and operating a small business provides many advantages. Which of the following is NOT an advantage of small business ownership?

Simplified recordkeeping

Ability to adapt to change

Independence

Ability to raise capital

Ability to develop personal relationships with employees and customers

To expand her business, Mary Ellen Sheets used franchising. Under its franchising situation, Two Men and a Truck serves as the ______ so that other individuals can use its brand, business model, and other resources.

franchisor

franchisee

landlord

licensor

licensee

Franchising offers many potential benefits for firms like Two Men and a Truck that are looking to expand. Which of the following is NOT one of these advantages?

Retaining more capital for expanding production and advertising

Gaining motivated franchisees

Gaining fast and controlled distribution

Consistency of advertising messages when using a national promotion campaign

Having to spend capital to construct and operate its own outlets

As Two Men and a Truck grew, its founders and executives were quick to seek help in areas where they lacked knowledge and experience. What is one of the best sources for help, especially education, training, counseling, and even financial assistance?

Venture capitalists

Small Business Administration

Minority Business Development Agency

Deloitte & Touche

Service Core of Retired Executives