Reference no: EM131760253

Question: Maria, Pablo, and Vicky are recent college graduates who would like to go into business for themselves. They are considering purchasing a franchise. If they enter into a franchising arrangement, they would have the support of a large company that could answer any questions they might have. Also, a firm that has been in business for many years would be experienced in dealing with some of the problems novice business persons might encounter. These and other attributes of franchises can lessen some of the risks of the market place. What other aspects of franchising both positive and negative should Maria, Pablo, and Vicky consider before committing themselves to a particular franchise? Include not only entering an agreement but also termination, liabilities, profits, loses, and all other aspects of being in a franshise.