Task 1.

Q1. Although more than half of all small businesses don’t survive five years, franchises have a much better track record. However, it can be difficult to buy a franchise. Research a popular food industry franchise, such as Panera Bread, Sonic, California Tortilla, or Subway, and detail the requirements for net worth and liquid cash for the franchisee as well as up-front and annual fees.

Task 2.

Q2. Make a list of five things you own, such as an item of furniture, a vehicle, electronics, and other consumer goods, making sure that each one was made in a different country. Develop a hypothesis about why each product was made in that particular country.

Q3. Research and identify a protectionist tariff imposed by the United States. Do you support that tariff? If so, why?

Reference

Ebert, R. J., & Griffin, R. W. (2018). Business Essentials (12th Edition). Pearson Education (US). https://bookshelf.vitalsource.com/books/9780134728759