ECONOMICS (CBSE/UGC NET)

ECONOMICS

ENTREPRENEURS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Colonel Sander’s secret chicken recipe was rejected how many times before it was accepted by a restaurant and formed KFC?
A
9
B
209
C
509
D
1009
Explanation: 

Detailed explanation-1: -He was turned down one-thousand and nine times before his chicken was accepted once! Colonel in front of his first KFC store. The deal was that for each piece of chicken the restaurant sold, Sanders would receive a nickel.

Detailed explanation-2: -The Start of the KFC Franchise In 1952, the first KFC franchise was awarded to Pete Harman in Salt Lake City, Utah. Interestingly, Sanders’ recipe was rejected 1, 009 times before anyone accepted it. This never stopped him from believing in his product and his dream.

Detailed explanation-3: -Following the war, he tried to franchise his restaurant. His recipe was rejected 1, 009 times before anyone accepted it. Sander’s “secret recipe” was coined “Kentucky Fried Chicken", and quickly became a hit.

Detailed explanation-4: -Sanders was an entrepreneur who didn’t become a professional chef until he was 40, didn’t franchise Kentucky Fried Chicken until he was 62, and didn’t become an icon until after he sold his company at 75.

Detailed explanation-5: -In fact, holding on to a job was a struggle for the young colonel. His 20s and 30s were a string of failed jobs and unsuccessful business ventures. He had a short-lived legal career, which ended swiftly after he got into a fight with his own client. He then had a job selling insurance, but was fired from that too.

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