Franchising Is a Popular Method of Expansion Used in Many

question 11

Essay

Franchising is a popular method of expansion used in many business operations, including hotels, restaurants, and travel agencies.
a)Define the term franchise.
b)Summarize four advantages and disadvantages to owning a franchise.
c)Would you choose this business format as part of your future career plans? Why or why not? Explain your answer.
d)What is an FAC and would you consider joining one? Explain your decision.

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Definitions:

Coupon

Represents the interest payment that a bond issuer owes to the bondholders, typically expressed as an annual percentage of the bond's face value.

Bond B

Refers to a specific class or series of bond, which may be characterized by its rank, terms, issuing entity, or other defining features.

Coupon Bond

A debt security that pays the holder a fixed interest payment (coupon) at regular intervals until the maturity date, when the principal amount is repaid.

Yield To Maturity

The total return anticipated on a bond if it is held until the date it matures, including both interest payments and the gain or loss realized on the principal amount.