Franchising Quiz

What is the business model where a company provides permission to operate under its established brand?

• Franchising

• Business Format

• Agreement

• Licensing

What outlines renewal options and potential extensions in a franchise agreement?

• Initial Investment

• Franchise Fee

• Terms and Agreement

• Royalty Fee

Which of the following is NOT a type of Franchising?

• Service Franchising

• Produce Product Franchising

• Product Distribution Franchising

• Business Format Franchising

What defines the geographic area where the franchisee has the exclusive right to operate?

• Operational Zone

• Marketing Fee

• Territory

• Franchise Fee

What is the ongoing percentage of sales paid by the franchisee to the franchisor?

• Franchising Fee

• Service Charge

• Royalty Fee

• Marketing Fee