Mal's father and grandfather ran Reynold's, a general store in the town of Bayswater. When Mal inherited the store, the town was expanding rapidly and a number of multinational franchisors showed interest in entering the town
Mal wants to turn Reynold's into a franchise of Blue Sun, a fast-food chain. What benefits can Mal gain from this move?
Student answers may vary.
As the franchisor's brand is usually well-known, Mal obtains the benefit of a brand name that has already been accepted by customers. He could find it easier to get loans and financial help from banks on the basis of the well-known brand name. As the franchisor will provide everything from operational processes to marketing assistance, Mal need not spend time and effort beginning the process from scratch.
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Indicate whether the statement is true or false
Simulation models can become a powerful tool for decision makers when:
a. Business systems are complex. b. Business systems are simple. c. The goal is to reach the optimal solution. d. All of the above
Which of the following is NOT one of the limitations of CRP systems?
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Compared to corporations, what is the primary disadvantage of partnerships as forms of business organizations??
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