Exam 7: Pathways to Entrepreneurial Ventures

Which of the following is not a key question to ask when buying a business?

When should a potential franchisee receive the Franchise Disclosure Document (FDD)?

The final decision to purchase a franchise should be up to the

Franchisees have the option of using the logo and symbols of the franchisor.

An additional consideration to keep in mind when negotiating to purchase an existing business includes requesting that the seller retain _____ in the firm.

What is the role of business brokers in acquiring an established entrepreneurial venture?

Starting a business by adapting something already on the market is called a _____ approach.

The prospective investor should obtain as much information as possible on the franchisor.

Sales records are of very little value to a buyer in evaluating a company's worth.

The franchisee's responsibilities do not include

The actual cost of "opening the doors" of a franchise establishment can be more than $200,000.

Coming up with a unique good or service is a _____ approach, while adapting something that is currently on the market or extending the offering to an area where it is not presently available is a(n) _____ approach.

When purchasing an existing business, the prospective owner should conduct an assessment of the business's current group of employees.

All of the following should be examined when evaluating the selection of venture except

Which of the following is not currently cited as a trend creating business opportunities?

"Piggybacking" one's way into a new business involves using a(n) _____ approach.

Which of the following is not a start-up expense?

Which of the following is not a factor regarding the condition of inventory?

An organization that offers a range of support services and funding opportunities for new ventures is called a(n)

Much franchise litigation has arisen over franchising fees.