WorksheetsFRANCHISE
Total questions: 14
Worksheet time: 7mins
Name
Class
Date
1.
Which is a franchisor?
a)
Starts a business
b)
Takes over a business
c)
Buys into an existing brand
d)
Allows others to use their brand name
2.
Franchiser owns the brand
a)
True
b)
False
3.
Franchisee does not have the right to use the brand
a)
True
b)
False
4.
Franchisor and Franchisee are the same company
a)
True
b)
False
5.
Which of the following is not an advantage of the franchisee
a)
Can use an international brand
b)
Start up is fast
c)
Receives advice and training
d)
Can enter new markets
6.
Which of the following is the disadvantage of the franchisor?
a)
May loose local variety and choice
b)
Regular payments to franchisor
c)
looses Independence in running the business
d)
if badly run, the brand will suffer
7.
What is a franchise?
a)
Where a business sells the rights to their brand
b)
Where you have full control
c)
Where you keep all the profits
8.
Fee paid from franchisee to franchisor based on percentage of sales
a)
royalty fee
b)
franchise fee
c)
advertising fee
d)
license fee
9.
Which is not a major advantage of franchising for a franchisor
a)
increased revenue
b)
brand awareness
c)
new locations without financial responsibility
d)
none of these
10.
When should you consider franchising if you want to expand your business?
a)
lack money
b)
lack time
c)
lack personnel
d)
all of above
11.
True or False: A Franchisee has total control of their business
a)
TRUE
b)
FALSE
12.
TRUE or FALSE - The Franchisee can benefit from using the brand name of the Franchise, as well as advertising and marketing
a)
TRUE
b)
FALSE
13.
True or False - There is no set up fee involved in setting up a Franchise
a)
TRUE
b)
FALSE
14.
Opening a branch of a successful business as a Franchise, is a guaranteed way of making money
a)
TRUE
b)
FALSE
100 %
