Midterm Examination in FME 2

SECTION IF FIN MGT.

• 3C FIN M

• 3D FIN M

• 3E FIN M

• 3F FIN M

• NONE

SECTION IF MARKETING MGT.

• 3A

• 3B

• 3D

• NONE

1.__________A form of business by which 2. ____________the owner of a product, service or method obtains distribution through 3. ___________as affiliated dealers.

Evaluate responses using AI:

OFF

Home-based or low investment franchise that is taken by a person who wants to start and run small franchise business alone.

Evaluate responses using AI:

OFF

Franchise based on supplier-dealer relationship

Evaluate responses using AI:

OFF

Modification of standard franchise relationship and grow by converting independent business in the same industry into franchising units.

Evaluate responses using AI:

OFF

An agreement where franchisor grants a franchisee the right to operate more than one unit.

Evaluate responses using AI:

OFF

The payment given to its franchiser for joining the network and can be an entry fee paid for the secrets of the business

Evaluate responses using AI:

OFF

The uniform franchise offering circular that provides the information about franchisor and franchisee system to a prospective franchise.

Evaluate responses using AI:

OFF

The usage of the brands and products, special services, methods of production patented by franchiser are authorized to the franchises and be protected from abusive usage by potential customers.

Evaluate responses using AI:

OFF