What is one of the main advantages of franchising for new entrepreneurs?
Introduction to Franchising: What it Means for Business Owners and the Economy

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Business
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11th Grade - University
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Hard
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Guaranteed success in any location
Complete independence in business decisions
No need for any financial investment
Access to an established business model
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which industry is most commonly associated with franchising?
Fast food
Technology
Healthcare
Retail
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who is the franchisee in a franchising agreement?
The person who sells the franchise rights
The person who buys the franchise rights
The company that owns the brand
The customer of the franchise
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a royalty fee in the context of franchising?
A tax on franchise profits
A fee for marketing services
A percentage of sales revenue paid to the franchisor
A one-time payment for franchise rights
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one responsibility that remains with the franchisee?
Brand logo design
Product development
National marketing campaigns
Staff recruitment
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does franchising reduce the risk for entrepreneurs?
By eliminating all competition
By providing a proven business model
By offering free financial support
By allowing complete creative freedom
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a potential downside of owning a franchise?
Guaranteed high profits
Unlimited creative freedom
No need for initial investment
Lack of control over business operations
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