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Answer :
Final answer:
Jordan is considered a franchisee because he is opening a Subway Restaurant, which involves purchasing rights to operate under the Subway brand. This role distinguishes him from other types of entrepreneurs who work within different frameworks. Understanding this classification helps clarify Jordan's entrepreneurial journey in the context of franchising.
Explanation:
Understanding Jordan's Business Role
In this scenario, Jordan, who has chosen to open a Subway Restaurant, would be considered a franchisee. A franchisee is an individual or entity that purchases the rights to operate a franchise from a parent company, which in this case is Subway. This allows the franchisee to benefit from the brand's established reputation, business model, and support systems.
For example, when Jordan invests in a Subway, they are adhering to Subway's operational guidelines and utilizing its branding, which helps in attracting customers right from the start. This is a clear distinction compared to other forms of entrepreneurship:
- Intrapreneur: Someone who acts like an entrepreneur while working within a large organization.
- Social Entrepreneur: An individual who uses business principles to create social value.
- Second-Stage Entrepreneur: A business owner who has moved past the startup phase and is focusing on growth and expanding operations.
Therefore, since Jordan is directly buying into a franchise model of Subway, identifying them correctly as a franchisee is crucial for understanding their role within the business landscape.
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