Answer the following questions.
1a. Define Franchise
And List some popular Franchises in the restaurant industry. (Feel free to look online)
1b. List some popular Company Owned Chains that do not Franchise in the restaurant industry. (Feel free to look online)
2a. What are the advantages of a franchise?
2b. What are the disadvantages of a franchise?
2c. For a restaurant, would you prefer to buy a Franchise, or build your own brand name?
3. Do an online search and what state do you think is the best to incorporate in? Why?
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