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Business in a Changing World: Sonic is a successful franchise that offers an old-fashioned drive-in.
Subject
Business Finance
Question Description
***Instructions: Answer each question to its entirety, minimum word count for entire assignment is 950 (not each question). The required in-text citation and reference is the attached file, please review before proceeding with the assignment. Here is the reference for it: Ferrell, O., Hirt, G., & Ferrell, L. (2009). Business in a Changing World. (7th ed.) pg. XX. New York, NY: McGraw-Hill Irwin. (Please input page number even for APA). Use other scholarly articles as well, minimum total reference is 3, to include what I provided for you. No PLAGIARISM and let me know if you have any concerns. Thank you!
Case 5: Sonic is a successful franchise that offers an old-fashioned drive-in experience.
1. What is Sonic’s competitive advantage over other fast-food franchises?
2. What are the advantages of becoming a Sonic franchisee?
3. What are the disadvantages of buying into the sonic franchise?
4. You are an executive involved with Sonic’s franchise operations. Sonic franchisees have become increasingly popular. On the other hand, you have heard about some notable cases of misconduct at a few franchisees. You think making the franchise requirements more stringent and/or increasing the initial investment will help the company maintain additional control over its franchise operations and increase profit. develop a list of requirements for opening up a new sonic franchise that will be distributed to new entrepreneurs wanting to open up their own.
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