A business is any organization that makes goods or provides services.
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2. REASONS FOR SETTING UP A BUSINESS.
Making a profit. Personal satisfaction. Making a difference.
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3. FRANCHISES
A franchise is a joint venture between: ... A franchisee, who buys the right from a franchisor to copy a business format.
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4. WHAT ARE ADVANTAGES OF OPERATING A FRANCHISE.
Everything is already set up for you. No need to struggle to create a name for yourself. You already have a reputation. Get free training and equipment. Staff are easy to get.
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5. WHAT ARE THE DISADVANTAGES OF OPERATING A FRANCHISE.
You get no say in anything that goes on. You cant make any changes to the brand name or image. The business must stay as it is.
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7. WHAT IS A SOCIAL ENTERPRISE
businesses with social objectives whose money is reinvested into the community, rather than being driven by profit.
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8. WHAT ARE NICHE MARKETS
A small market segment here all the customers have specific needs.
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Other cards in this set
Card 2
Front
2. REASONS FOR SETTING UP A BUSINESS.
Back
Making a profit. Personal satisfaction. Making a difference.
Card 3
Front
3. FRANCHISES
Back
Card 4
Front
4. WHAT ARE ADVANTAGES OF OPERATING A FRANCHISE.
Back
Card 5
Front
5. WHAT ARE THE DISADVANTAGES OF OPERATING A FRANCHISE.
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