'A Good Idea and a Good Plan Plus a Franchise

question 11

Essay

'A good idea and a good plan plus a franchise operation is the answer to developing a successful business.' Discuss this statement in terms of both a successful and non-successful franchise operation.

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Definitions:

Tangible Form

A physical and concrete manifestation of something that can be perceived by the senses, as opposed to being an idea or a concept.

Author's Life

The period of an author's life and experiences which can significantly influence their writings and creative output.

Theft of Trade Secrets

Theft of trade secrets involves the unauthorized acquisition, disclosure, or use of confidential business information that provides a competitive advantage, violating legal protections.

Obtaining by Fraud

Acquiring something of value through deceptive practices or false representations with the intent to gain unlawfully.