There is less of this involved for the franchisor than setting up a business from scratch (4)
These are ongoing payments made by the franchisee to the franchisor (9)
Franchisors can take advantage of this as the numbers of franchisee operations grow (9,2,5)
the ‘M’ in McDonalds is an example of this (5,4)
The music Sir Paul McCarthy writes is protected by this (9)
Entrepreneurs get these from a number of different sources including informal surveys of family and friends (8,5)
This should be carried out when new potential business ideas are singled out as worthy of future investigation (6,8)
These contain information on products likely to become popular in the near future (5,12)
THe owner of a patent has to pay these every year if they want to prevent others from copying their idea (7,4)
This is a strategy that focuses on identifying and selling products or services that meet the needs, wants or preferences of a relatively small group of customers who share a common characteristic (5,9)
This person invented the bagless vacuum cleaner (5,5)
Coffee Republic is an example of this type of business (9)
These are ongoing payments made by the franchisee to the franchisor (9) ROYALTIES
Franchisors can take advantage of this as the numbers of franchisee operations grow (9,2,5) ECONOMIES OF SCALE
the ‘M’ in McDonalds is an example of this (5,4) TRADE MARK
The music Sir Paul McCarthy writes is protected by this (9) COPYRIGHT
Entrepreneurs get these from a number of different sources including informal surveys of family and friends (8,5) BUSINESS IDEAS (guess)
This should be carried out when new potential business ideas are singled out as worthy of future investigation (6,8)
These contain information on products likely to become popular in the near future (5,12)
THe owner of a patent has to pay these every year if they want to prevent others from copying their idea (7,4) RENEWAL FEES
This is a strategy that focuses on identifying and selling products or services that meet the needs, wants or preferences of a relatively small group of customers who share a common characteristic (5,9) NICHE MARKETING
This person invented the bagless vacuum cleaner (5,5) JAMES DYSON
Coffee Republic is an example of this type of business (9) FRANCHISE
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