Question

question 41 exercises - entrepreneurship: going from an idea to a business how did cousins maine lobster decide to grow their business? a) by offering its food products in grocery stores b) by forming a limited liability company c) by acquiring a small local restaurant d) by partnering with a larger, nationally recognized restaurant chain e) by offering it as a franchise opportunity

Explanation:

Cousins Maine Lobster grew their business by offering it as a franchise opportunity. Franchising is a common business growth strategy where a business (franchisor) allows others (franchisees) to use its brand, business model, etc., in exchange for fees. Options A (grocery stores) is not their growth path, B (LLC formation is a legal structure, not growth method), C (acquiring a restaurant) is incorrect, D (partnering with a large chain) is not how they grew.

Answer:

E) by offering it as a franchise opportunity