MGT 120 Assessment 2 - Study Guide

MGT 120 Assessment 2 - Study Guide - 4.Define the terms...

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Exam 2 Study Guide 1.Which of the three different categories of new venture ideas accounts for the most startup ventures? 2.List the five factors that determine the nature and degree of competition in an industry, as presented by Michael Porter in his book Competitive Advantage . 3.List the advantages and disadvantages of franchising to a potential franchisee.
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Unformatted text preview: 4.Define the terms franchising , franchisor , and franchisee . 5.List four reasons for buying an existing business. 6.Describe the model of succession in a family business, giving particular attention to its stages. 7.Outline and explain the relevance of John L Ward's "best practices" for the management of a family firm....
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