Font size
WorksheetsFranchise
Total questions: 20
Worksheet time: 7mins
the franchisee does not deliver the service properly, the brand name of the franchisor will suffer.
Problems of Inconsistent Quality
Highly Publicized Disputes Between Franchisees and Franchisors
Initial Investment
Difficult in Motivating Franchisees
which is not the disadvantages of franchising to Franchisor
Absence of Adequate Protection
Initial Investment
Difficult in Motivating Franchisees
Problems of Inconsistent Quality
Who is the person who started a successful business and decided to expand by selling clones of the original business.
Franchisee
Franchisor
Entrepreneur
Businessman
The person who purchase the right to run an extension of the original business
Millionaire
Franchise
Franchisee
Investor
What a Franchisor does?
Gains the benefits of an established brand name or product without the initial risk.
Gets support and materials from the franchisee enterprise
Operates day-to-day operations independently of the franchisor
Establishes a proof of concept with the business
What a Franchisee does?
Gains the benefits of an established brand name or product without the initial risk.
Gets support and materials from the franchisee enterprise
Operates day-to-day operations dependently of the franchisor
Purchases right to franchisee
This type of franchise is when the franchisor gives the rights to trademarks, trade names, business process and the system in order for the franchisee to sell the product, for a fee.
´Business Format Franchise?
´JOB FRANCHISE
´Product Distribution franchise?
none
this type of franchise, the franchisee can be much more independent in terms of not having the restriction and guidelines that a business format franchisee has.
´Product Distribution franchise
Business Format Franchise
´JOB FRANCHISE
Franchising
This agreement is usually a voluminous document.
Franchise Agreement
Contract Agreement
Disclosure Agreement
Financial Agreemenet
It is a type of license that a party (franchisee) acquires to allow them to have access to a business's (franchisor) proprietary knowledge, processes, and trademarks in order to allow the party to sell a product or provide a service under the business's name.
Franchise
Franchisee
Entrepreneur
capita;ist
the ______ usually pays the initial start-up and annual licensing fees.
Franchisee
Franchisor
Franchising
Franchise
the one who is selling his business to the________.
Franchise
Franchising
Franchisor
Franchisee
This is a business strategy for getting and keeping customers.
Franchising
Franchisee
Marketing Strategy
Marketing system
Which the franchise agreement, both the franchisor and the franchisee manifest their consent to abide by those standards, thereby minimizing the risk of litigation in the future.
minimum performance
Standard performance
Below performance
normal performance
the primary duties of franchisees and prospective franchisees is the _______ a written statement that gives advice to the franchisor before entering into the agreement
The duty to comply with the business model
The duty to act in good faith
duty of disclosure
level of performance
An obligation to An obligation to ______ is imposed on all parties in a franchisee relationship and this obligation cannot be excluded by the franchise contract. is imposed on all parties in a franchisee relationship and this obligation cannot be excluded by the franchise contract.
Duty of disclosure
act in good faith
The duty to comply with the business model
level of performance
The main purpose of implementing ___________ requirements is to ensure all the franchises are performing within certain parameters defined by the head company, such as the quality of services and sales performance
performance
Standard performance
minimum performance
above performance
It refers to monies collected and used by Franchisor and its Affiliates for Marketing Fund Activities.
Marketing Funds
Fund
Money
Initial payment
The franchisee is under a duty to maintain minimum ______, though it is a good idea to keep stock more than a marginal amount above the minimum levels.
Stocks level
minimum level
Below level
Above level
The well organized franchisees constantly seek legal advice to gain economic clout.
Initial investment
Difficult in motivating franchisse
Problems of Inconsistent Quality
Highly Publicized Disputes Between Franchisees and Franchisors
