franchising

selling the right to use their business model to other businesses

• offshoring

• franchising

• outsourcing

• advertising

a percentage of a franchise's ______ has to be paid to the franchisor on a regular basis

• expenses

• losses

• revenue

• costs

before you can open your outlet, you have to find suitable ____

• scratch

• profit

• fee

• premises

a franchisee usually gets support from the franchisor's ___ office

• head

• leader

• channel

• focus

What is the difference between a franchise and an independent business?

• Franchises have more control over their business model

• Franchises pay less in taxes

• Independent businesses have more control over their business model

• Independent businesses pay less in taxes

What is the role of the franchisor in a franchise agreement?

• To provide funding for the franchisee

• To manage the franchise on behalf of the franchisee

• To provide ongoing support and guidance to the franchisee

• To set the franchisee’s prices and profits

A Franchisee has total control of their business

• true

• false

Franchising only exists in the fast food industry.

• true

• false

Franchise fees are typically paid:

• When first meeting with franchisors

• Every year

• For the use of the franchisor's trademark, brand, and operating system.

key issue/issues for international franchises

• language

• supply chain

• cultural sensitivity

• all of them