Assignment 2

Answer the questions for either Choice A or Choice B, but not both.

Choice A

1. What advantages can an entrepreneur who buys a business gain over one who starts a business from scratch?

2. How would you go about determining the value of the assets of a business if you were unfamiliar with them?

3. Why do so many entrepreneurs run into trouble when they buy an existing business? Outline the steps involved in the right way to buy a business.

Choice B

1. What is franchising?

2. Describe the three types of franchising and give an example of each.

3. How does franchising benefit the franchiser?

Complete assignment in a Microsoft Word document and submit it through the Dropbox. Be sure to include your name at the top of the document and save the file as module4_lastname.doc. Submit the assignmentno later than Sunday 11:59 PM EST/EDT.(This Dropbox basket is linked to Turnitin.)