Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Shazia wants to open a hotel. She can either start her own hotel or purchase a national franchise. Her business partner Hector supports the former
Shazia wants to open a hotel. She can either start her own hotel or purchase a national franchise. Her business partner Hector supports the former plan. Which of the following statements strengthens the argument in favor of Hectors choice of opening a restaurant independently?
Multiple Choice
It is easier and faster to build a business from scratch.
It is easier to reach the breakeven point through an independent business.
It is more difficult to attract customers in a franchise business as the entrepreneur has to personally build the brand appeal.
It is easier and more flexible to make and execute decisions in an independent business.
It is easier to succeed in a business built from scratch as the products and the business format are already proven.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started