Question

according to greg brophy, founder of shred-it america, what do you need to figure out the formula for your particular business?

business advice
a good attorney
determination
imagination

question 15 (5 points)
the best way for a franchisee and franchisor to evaluate each other is

for the potential franchisee to go to a sales presentation.
for the potential franchisee to spend time working in a franchise location.
to participate in an online videoconference.
for the franchisee and franchisor to review the legal documents together.

question 16 (5 points)
which of the following is the most important trait of a successful business owner?

perseverance
friendliness
intelligence
adaptability

Explanation:

Analyze Greg Brophy's business formula requirement

According to Greg Brophy, the founder of Shred-It, figuring out the formula for a particular business requires imagination to visualize and adapt the model.

Evaluate franchisee and franchisor evaluation methods

The most effective, hands-on way for a potential franchisee and a franchisor to evaluate their compatibility and the business operations is for the potential franchisee to spend time working in an actual franchise location.

Identify the most important trait of a successful business owner

Among the choices, perseverance (or determination) is widely recognized in business studies as the single most critical trait for overcoming the inevitable challenges of entrepreneurship.

Answer:

Question 1

• (A) Business advice
• (B) A good attorney
• (C) Determination
• (D) Imagination (Correct answer)

Question 2

• (A) for the potential franchisee to go to a sales presentation.
• (B) for the potential franchisee to spend time working in a franchise location. (Correct answer)
• (C) to participate in an online videoconference.
• (D) for the franchisee and franchisor to review the legal documents together.

Question 3

• (A) Perseverance (Correct answer)
• (B) Friendliness
• (C) Intelligence
• (D) Adaptability