INTRODUCTION TO ENTREPRENEURSHIP
TYPES OF ENTREPRENEURSHIP
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Internet Based Business Venture
|
|
|
High Potential Business Venture
|
|
|
Franchise
|
|
|
Venture Capital
|
Detailed explanation-1: -Franchises are an extremely common way of doing business in the U.S. It is hard to drive more than a few blocks in most cities without seeing a franchise business. Examples of well-known franchise business models include McDonald’s (NYSE: MCD), Subway, United Parcel Service (NYSE: UPS), and H&R Block (NYSE: HRB).
Detailed explanation-2: -Subway is an American multinational fast food restaurant franchise that specializes in submarine sandwiches (subs), wraps, salads and drinks.
Detailed explanation-3: -Starbucks Coffee doesn’t franchise. Even though franchising is a classic, successful growth strategy for myriad beloved, familiar brands, Starbucks does not grant franchises. It’s not because franchising isn’t a time-tested model for growth. Many companies offer franchises.