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| Teaching Since: | Jul 2017 |
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Instructions: In 300 words answeWhat advantages can an entrepreneur who buys a business gain over one who starts a
business from scratch?
2. How would you go about determining the value of the assets of a business if you were
unfamiliar with them?r questions below
Answer the questions for either Choice A or Choice B, but not both.
Choice A
1. What advantages can an entrepreneur who buys a business gain over one who starts a
business from scratch?
2. How would you go about determining the value of the assets of a business if you were
unfamiliar with them?
3. Why do so many entrepreneurs run into trouble when they buy an existing business?
Outline the steps involved in the right way to buy a business.
Choice B
1. What is franchising?
2. Describe the three types of franchising and give an example of each.
3. How does franchising benefit the franchiser?
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