When entering a new industry through the purchase of a franchise, a small business owner should
A)examine the industry.
B)examine potential competitors.
C)examine position relative to other new franchises.
D)all of these.

Question

Quizplus · Accepted Answer

When entering a new industry through the purchase of a franchise, it is important to examine the industry, potential competitors, and position relative to other new franchises. This will help the small business owner understand the market they are entering, what their competition looks like, and how they can differentiate themselves from other franchises. Therefore, all of these choices are important considerations.

When Entering a New Industry Through the Purchase of a Franchise