WorksheetsBuying a Franchise
Total questions: 10
Worksheet time: 6mins
What are 4 reasons why you could choose franchising?
training
Operating procedures and operational assistance
Monitoring and management assistance
National & regional advertising
Hours of operation and pricing
A type of franchise in which the product, method of distribution, sales and management procedures are highly controlled.
product distribution franchise
area development franchise
business format franchise
A person who purchases the right from the franchisor to operate the franchise known as:
Franchise
Franchisee
Franchisor
Business
the regular payment made by the franchisee to the franchisor, usually based on the percentage of the franchisee's gross sales
(a)
A product and/or service distribution system which is governed by a contract known as:
Franchise
Franchisee
Franchisor
Business
The purpose of the franchise agreement is to give prospective franchisees with information about the franchisor, the franchise system and the agreements they will need to sign so that they can make an informed decision.
TRUE
FALSE
What are 2 significant franchises mentioned in the presentation?
(a)
Which of the following is a step involved when purchasing a franchise?
Get track record of franchisor
Set up your Discovery Day
Do a market research
Check your competition
