One Important Consideration When Prospecting for a Good Franchise Business

question 309

Multiple Choice

One important consideration when prospecting for a good franchise business is:

• A)The saturation rate of the franchise.The more saturation the better.
• B)The market potential for the product or service,at the prices you need to charge.
• C)The population level of the area where you will operate.Large populations are too overwhelming,often needlessly increasing demand.
• D)A limited disclosure statement,and being mindful that any disclosure statement may limit your success.

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Definitions:

Capitalism

An economic system based on private ownership of the means of production and their operation for profit, characterized by competitive markets, wage labor, and capital accumulation.

Separation Of Work And Life

The distinction and effort to maintain boundaries between one's professional responsibilities and personal life activities to ensure work demands do not encroach on personal time.

Fordist Era

Pertains to the period of industrialization marked by mass production and the assembly line, named after Henry Ford, emphasizing efficiency, standardization, and high wages for workers.

Rational-Legal Authority

A form of leadership where power is legitimized by explicit rules and procedures, and authority is vested in positions rather than individuals, underpinned by laws and bureaucracies.