Franchising 101

Franchising 101

9th - 10th Grade

•

59 Qs

quiz-placeholder

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Franchising 101

Franchising 101

Assessment

Quiz

•

Other

•

9th - 10th Grade

•

Practice Problem

•

Medium

Created by

Stephen Lewis

Used 10+ times

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59 questions

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1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Franchising is a type of business model where the franchisor or owner of the business model provides their franchise model to the franchisee, the person attempting to run that business in a specific location.

True

False

2.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

A good business model is best described by which of the following?

Check the three that apply.

How a business operates to create profit

Identifies target customers and markets

how the business creates and delivers value to customers

is only a business plan

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Business assistance or guidance from the franchisor is one benefits of being a franchisee.

True

False

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Some autonomy is lost when opening a franchise.

True

False

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Autonomy is best defined in business as

the ability to meet with upper management

the ability to run the business as you see fit

the ability to run the business as the franchisor sees fit

the ability to make few decisions in the business

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Franchises are statistically more successful than startups.

True

False

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

One of the benefits of franchises is the fact you are utilizing a new business model and approach.

True

False

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