Franchise Opportunities Quiz

Which of the following is NOT an example of a franchise opportunity listed in this article?

• Dunkin' Donuts

• Subway

• McDonald's

• Apple

According to this lesson, what is the primary reason a franchisor retains some control over operational decisions?

• The franchisee is technically competing with the franchisor.

• The franchisor needs to protect their most valuable assets, their name and reputation.

• They don't trust the franchisee to be successful.

• None of these are reasons discussed in the lesson.

Which of the following best describes the relationship between the franchisor and franchisee?

• Customer/Vendor

• None of the answers listed describes the relationship between the franchisor and franchisee.

• Direct competitors

• Business partners

According to this lesson, what is the definition of a franchise?

• None of these statements accurately defines a franchise.

• A business arrangement wherein an individual pays a larger company for the rights to use their name and general business plan.

• A small business structure wherein the owner puts up their own capital and has complete control over all operational decisions.

• A business strategy based on intimidating, as close as legally possible, a larger more successful company.

Which of the following fees are NOT associated with a franchise?

• All of these fees are associated with a franchise.

• Advertising Fee

• Royalty

• Franchise Fee