Business Management Unit 3

Business Management Unit 3

12th Grade

50 Qs

quiz-placeholder

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Business Management Unit 3

Business Management Unit 3

Assessment

Quiz

Professional Development

12th Grade

Practice Problem

Medium

Created by

Adam Calhoon

Used 5+ times

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50 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This is a parent company that develops a product or business process and sells the rights to it.

Franchisor
Distributor
Retailer

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The minimum total initial investment for a lodging franchise was reported to be...

$500,000

$1,000,000

$4,000,000

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An example of Product-distribution franchising is...

Fitness center franchise

Soft-drink franchise

Coffee shop franchise

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An example of a company that falls under Business-format franchising is...

Subway
KFC
Starbucks

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an advantage of opening a franchise?

Access to an established brand and business model.
Inability to change the product offerings.
Limited control over business decisions.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A franchisor's quality control regulations help franchises to...

allow franchises to operate independently
reduce the need for training and support
maintain consistency in quality and brand reputation

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An established franchise creates efficiency by...

focusing solely on marketing
standardizing operations and sharing resources
eliminating competition through aggressive tactics

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