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Buying a Franchise

Authored by Jada Brownie

Business

Professional Development

Used 8+ times

Buying a Franchise
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10 questions

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1.

MULTIPLE SELECT QUESTION

30 sec • 4 pts

What are 4 reasons why you could choose franchising?

training

Operating procedures and operational assistance

Monitoring and management assistance

National & regional advertising

Hours of operation and pricing

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

True or False - There is no set up fee involved in setting up a Franchise

TRUE
FALSE

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A type of franchise in which the product, method of distribution, sales and management procedures are highly controlled.

product distribution franchise

area development franchise

business format franchise

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A person who purchases the right from the franchisor to operate the franchise known as:

Franchise

Franchisee

Franchisor

Business

5.

FILL IN THE BLANK QUESTION

30 sec • 1 pt

the regular payment made by the franchisee to the franchisor, usually based on the percentage of the franchisee's gross sales

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A product and/or service distribution system which is governed by a contract known as:

Franchise

Franchisee

Franchisor

Business

7.

MULTIPLE CHOICE QUESTION

30 sec • 3 pts

What does the franchisor provide for those purchasing the franchise?

advice
training
advertising
all of these are provided 

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