Franchising Basics

Froggy Jumps

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Test your franchising knowledge.

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Shohista Abdullayeva

Uzbekistan

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Franchising Basics


Froggy Jumps Franchising BasicsVersion en ligne Test your franchising knowledge. par Shohista Abdullayeva 1 What is a franchisor? a A bank that funds franchisees b A company that licenses its business model to others c A customer who buys a franchise 2 What is typically paid to start a franchise? a Franchise fee b Product tax c Advertising tax 3 What are ongoing payments a franchisee often makes? a Loyalty discounts b Sales tax rebates c Royalties 4 What is usually covered by a franchise agreement? a Ownership of all company assets b Rights to operate under the brand and terms c Full control of the franchisor's profits 5 What is a franchisee? a A person who operates a business using a franchisor's system b An employee of the franchisor c A supplier of franchise products 6 Why are brand standards important in franchising? a They allow unlimited product variation b They ensure a consistent customer experience c They remove training requirements 7 What is a typical territorial right? a Global ownership of the brand b Exclusivity within a defined area c Right to open unlimited stores worldwide 8 What might a marketing fund require? a Profits shared with competitors b Contributions from franchisees for brand-wide campaigns c Individual marketing campaigns only 9 What happens at the end of a franchise term? a Automatic acquisition by the franchisee b Franchisee must delete all brand materials c Option to renew the agreement 10 What is typically a major risk for a prospective franchisee? a Insufficient due diligence on costs and obligations b No ongoing compliance requirements c Excess profits guaranteed by franchisor

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Franchising Basics

Froggy Jumps

À propos de cette activité

Créé par

Téléchargez la version pour jouer sur papier

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Franchising BasicsVersion en ligne

par Shohista Abdullayeva

What is a franchisor?

What is typically paid to start a franchise?

What are ongoing payments a franchisee often makes?

What is usually covered by a franchise agreement?

What is a franchisee?

Why are brand standards important in franchising?

What is a typical territorial right?

What might a marketing fund require?

What happens at the end of a franchise term?

What is typically a major risk for a prospective franchisee?