Reference no: EM133449103
Questions: A well-established Bed & Breakfast situated in Cobourg Ontario is for sale. The owners have been in business for over 30 years. They have a healthy returning clientele, year to year, but have not worked to increase their business, including doing any renovations or upgrades to the establishment.
-A franchise opportunity to open a Pita Pit has become available. The location is a prime area of downtown Cobourg,
on a main street and close to a high school. Head office will provide comprehensive training on the business.
please answer the following questions: (Please provide examples, samples and clear
references when you are doing the research on these questions)
• Given the assessment of each possible business opportunity, which one has the least amount of risk? Which opportunity would you take, and why? Did the risk assessment sway your decision?
• Why is it often important to use graphical representations when communicating risks to your stakeholders?