Fully answer the assigned questions in narrative, third person format. The paper consist of 1000 WORDS. Also, include at least three (3) scholarly sources in your responses. Utilize attachment as well. Paper must be completed in APA format. READ DIRECTIONS CAREFULLY AND FOLLOW THEM THOROUGHLY!
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.