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Your family has owned an Italian restaurant since before you were born. In the last 5 years, your family has opened three new locations – all of which have been successful. Now your family is considering moving to a franchise business model. They ask you to specify how the franchise will be set up. You create an arrangement where there are many advantages for the franchisee. However, there is one tradeoff that could drive away potential franchisees. What is it?
a. The franchise must use the recipes and products associated with your existing restaurants.
b. The franchise must utilize the operations manual developed and tested for the existing restaurants.
c. The franchisee will cover the cost of remodeling the franchise location.
d. The franchise must use the branding and marketing materials associated with your existing restaurants.
Shaun suggests that there wasn't enough time in the experiment. He estimates that in the second month, April, the Café will sell 26,000 meals at $7.50. What would be the Price Elasticity of Demand if Shaun is correct? Is elasticity elastic, inelastic..
Read case study, "Pret A Manager Puts Peer Pressure to Work" located at the end of chapter 10 of Principles of Management text. What are the benefits of creating a team whose members hold hiring power over potential new employees? What are the potent..
Please describe the four functions of management. At your current employment which of the four do you use? Which one do you believe you are the strongest and which one do you believe that you are the weakest at and why?
Imagine having a discussion with the CEO of your organization about the diversity of the US population and the globalization of business. Leadership believes that it is important for employees to be able to work well with people who are different ..
Prepare and Executive Summary (Cover Memo) outlining the main goals and recommendations for the product(s) or services. The business is a non medical in home care agency. The name of the company is Senior's First Choice and the owner is Vanesia Cohan
lf the backup computer must be tivated by a switch in the event that the first computer fails, and the switch has a reliability of .98, what is the overall reliability of the systern? Both the switch and the backup computer must function in oder f..
How can regulation on businesses result in a 'hidden tax' to consumers? Clayton Christensen opines in his book, Innovator’s Dilemma , that disruptive technologies are often embraced by the least profitable customers ( at the time disruptive technolog..
Discuss how globalization has forced companies to compete internationally to increase efficiency. As a result ,there have been changes in the institutional environment have contributed to the evolution of business systems which led to transitions in ..
Customers arrive at the rate of 67 per hour, (with Exponential interarrival times). You can service 81 customers per hour (also with memoryless processing time). What is the average number of customers in the queue
Given that GE is a well-known and highly admired company that also tends to be trend-setter in its business practices, what are the implications for the fact that its globalization is more and more about talent and markets, and less and less about la..
Your great aunt left you an inheritance in the form of a trust. The trust agreement states that you are to receive $2,400 on the first day of each year, starting immediately and continuing for 18 years. What is the value of this inheritance today ..
Recently some Operations Management experts have begun insisting that simple minimizing process velocity, which actually means minimizing the time that it takes to process something through the system, is the single most important measure for impr..
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