(100 words addressing each question).
1: What is franchising?
2: Describe the three types of franchising and give an example of each
3: Discuss the advantages and disadvantages of franchising for the franchisee
4: Why might an independent entrepreneur be dissatisfied with the franchising arrangement?
5: Fran Lubbs says “Follow the system. It’s one of the reasons you bought the franchise, don’t try to change it, break it, or fix it.” Do you agree with her? Explain
6: What steps should a potential franchisee take before investing in a franchise?