Nam recently started a real estate company with a unique way of presenting a menu of services each with a fixed price, rather than using the traditional commission on sales price His firm has grown to 21 brokers, and he has plans to expand his model nationally In applying for a loan, how should Nam BEST present his firm? A. As a big business B. As a successful franchise C. As a small business D. As a revolutionary business' process E. As a retailer

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Nam recently started a real estate company with a unique way of presenting a menu of services each with a fixed price, rather than using the traditional commission on sales price His firm has grown to 21 brokers, and he has plans to expand his model nationally In applying for a loan, how should Nam BEST present his firm? A. As a big business B. As a successful franchise C. As a small business D. As a revolutionary business' process E. As a retailer

Answer 1

B. As a successful franchiseNam should present his firm as a successful franchise because this emphasizes the proven and replicable nature of his business model. By framing it as a franchise, Nam can highlight the consistency, scalability, and potential for growth, which are attractive qualities to lenders. This approach also aligns with his plans to expand nationally, showcasing a clear path for future success and stability.

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