Final answer:
Industry rollups and franchising are typically utilized during the growth or expansion stage of the multi-site service life cycle as strategies to raise financial capital for companies, enabling expansion without relying solely on internal funds or early-stage investors.
Step-by-step explanation:
Industry rollups and franchising are alternatives to traditional internal funding and are typically utilized during the growth or expansion stage of the multi-site service life cycle.
These business strategies provide ways to raise financial capital for firms that are moving beyond the early stage and need to finance their growth without solely relying on internal funds.
Franchising enables a company to expand by allowing individuals (franchisees) to open and operate a location of the business, following a proven business model. The franchisee pays a franchise fee and ongoing royalties, essentially funding the expansion with external capital.
On the other hand, an industry rollup involves merging several small companies in the same market into one larger entity, which can leverage more resources and potentially reduce costs. This is another strategy to provide the financial capital needed for growth without depending solely on reinvesting profits or seeking early-stage investors.