Small Business Management – Chapter 12 3-4 sentence answers.
- List and briefly describe the 6 key criteria to evaluating a franchise opportunity. Beginning with ‘The Territory Assigned.’
- What is the average startup costs/fees incurred by a U.S. franchisee (page 460) and what percentage of gross income is typical in ongoing franchising fees (page 457)?
- What are 3 main disadvantages to forming a sole proprietorship entity?
- What are the 3 general criteria that a patent application must have in order to be successfully registered?
- What’s the biggest difference between a trademark and a copyright?
