Paul has recently quit his job as an investment banker.He plans to open a restaurant.He has two options: he can either start his own new restaurant from scratch or purchase a franchise from an already established restaurant or fast food chain.His wife Lisa supports the former plan.Which of the following statements strengthens the argument in favor of Lisa's choice of opening a restaurant independently?
A) It is easier and faster to build a business from scratch.
B) It is easier to reach the break-even point through an independent business.
C) It is more difficult to attract customers in a franchise business as the entrepreneur has to personally build the brand appeal.
D) It is easier and more flexible to make and execute decisions in an independent business.
E) It is easier to succeed in a business built from scratch as the products and the business format are already proven.
Correct Answer:
Verified
Q60: Which of the following statements is true
Q61: A loan is taken by a small
Q62: Which of the following statements best describes
Q63: Which of the following statements is true
Q64: Which of the following is one of
Q66: Andrew,a pharmacist,realized that he should stock extra
Q67: Nathan started the first outlet of Dynamix
Q68: Small businesses may obtain funding from their
Q69: A license to sell another's products or
Q70: Neehara recently opened a premium bakery.She did
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents