ELECT 3 - FRANCHISING & BRANDING (quiz)

 In this model, the corporation owns and runs the business at a specific location, as the name would imply.

• COCO

• COFO

• FOFO

• NONE OF THE ABOVE

A franchisor may choose to begin with its outlets before moving further with franchising

• COCO

• COFO

• FOFO

• NONE OF THE ABOVE

A company spends time and resources managing and operating outlets, which is not its primary business. (Disadvantage of COCO)

• TRUE

• FALSE

• MAYBE

• NONE OF THE ABOVE

A many franchisors launch a flagship store-style outlet.

• TRUE

• FALSE

• MAYBE

• NONE OF THE ABOVE

COFO assists a business in showcasing its store and product line to clients and potential franchisees

• TRUE

• FALSE

• MAYBE

• NONE OF THE ABOVE

COFO - Franchisees also take care of supplemental running costs including payroll, energy, and other ancillary fees. One payment that is unclear is rent

• TRUE

• FALSE

• MAYBE

• NONE OF THE ABOVE

COFO - The franchisor is unable to supervise its employees' use of the systems and protocols.

• TRUE

• FALSE

• MAYBE

• NONE OF THE ABOVE

COCO - The franchising company's resources aren't shifted to a different part of the company.

• TRUE

• FALSE

• MAYBE

• NONE OF THE ABOVE

COFO - In locations where it is unable to locate franchisees, a business may open an outlet.

• TRUE

• FALSE

• MAYBE

• NONE OF THE ABOVE

COFO - There are no running costs to pay.

• TRUE

• FALSE

• MAYBE

• NONE OF THE ABOVE