Franchising Quiz

Franchising Quiz

University

15 Qs

quiz-placeholder

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Franchising Quiz

Franchising Quiz

Assessment

Quiz

Business

University

Practice Problem

Medium

Created by

Nadia Hanum Amiruddin

Used 6+ times

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a franchisee?

A consultant for franchise businesses

An employee of the franchisor

A small business owner operating a franchise

A person who grants licenses to others

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does a franchisor do?

Operates the franchise outlets

Grants licenses to third parties

Manages the day-to-day operations

Provides funding for franchisees

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a franchise agreement?

A verbal agreement between parties

A marketing strategy for franchises

A financial report of the franchise

A legally binding document outlining terms

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is franchising compared to a marriage?

Both are temporary arrangements

Both need commitment and communication

Both involve legal contracts

Both require financial investment

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one responsibility of a franchisor?

To operate the franchise location

To manage the franchisee's finances

To provide training and support

To hire employees for the franchisee

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one advantage of franchising?

Lower initial investment than starting a business

No need for a business plan

Access to established brand recognition

Complete independence from the franchisor

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a disadvantage of franchising?

Limited control over business operations

Guaranteed profits

No support from the franchisor

High potential for failure

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