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b&c

entrepreneurship

QuestionAnswer
U.S. Free Enterprise System Where businesses work together to make decisions not involving the government.
State Minimum Wage (what is the pay rate for NJ?) $15.92
Freewheeling Acting without restraints or rules.
Franchisor The original company
Franchisee Someone who buys a local branch/ outlet a brand or trademark
Franchise business and 2 advantages/disadvantages Well-known product and a good reputation Restrictions and big fees that are expensive
Existing business and 2 advantages/disadvantages You have customers and employees You could have a bad reputation, and there might not be employees who cooperate
Scratch business and 2 advantages/disadvantages You can build your own company, and there is room for creativity You have to hire employees, and there is no reputation
Created by: 31mileski
 

 



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