Noodleoo, a struggling restaurant chain, wants to enact a franchise agreement with Stephen to sell its product through a chain-style franchise. Stephen agrees and opens the store, and 6 months later Noodleoo goes bankrupt. Which is most likely true of this situation?

Question

Social Studies

Addyson Bauer

30 July, 13:31

Noodleoo, a struggling restaurant chain, wants to enact a franchise agreement with Stephen to sell its product through a chain-style franchise. Stephen agrees and opens the store, and 6 months later Noodleoo goes bankrupt. Which is most likely true of this situation?

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Answers (1)

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Amara Odonnell · Answer 1

Lack of finance, poor management and poor sales

Explanation:

The lack of finance could be one reason because Noodleoo from the scenerio is s struggling restaurant chain possible experiencing poor patronage in supply. This is most worrisome when the companies expenditure is greater than income.

Poor Management arises when the team leading the organization lack the prerequisite competencies to deliver results. Hnece, Noodleoo ought to have a Chief Finance Officers to plan this idea.

Poor sales can arise when Noodleoo lacks the application of a saturated market approach for the products and services ...