Which of the following is a disadvantage of franchise?

must follow parent company business structure

assistance from a parent company

How is a business 'location' best described?

The place where a business sites its operations

The place where customers buy products

The place where suppliers send components

The rise of the internet has meant that many businesses costs are:

Lower as there is less need for expensive retail premises

Lower as there is more need for expensive retail premises

Higher as there is more need for expensive retail premises

Higher as there is less need for expensive retail premises

the use of a name, design, symbol, or a combination of those elements that a sports or entertainment organization uses to help differentiate its products from the competition.

is a device that legally identifies ownership of a registered brand or trade name.

the process of working toward maximizing recognition of a particular brand.

consumer preference for a particular brand as compared to competitor products or services.

What is a Brand Identity?

Your brand identity is how your audience perceives you.

Your brand identity is how you perceives yourself.

Your brand identity is the same as branding.

Your brand identity is your logo.

Select the 2 advantages of branding.

Higher prices can be charged when consumers become loyal to the brand.

A business can save money on marketing once the product becomes a household name.

It means businesses don't have to make new items.

The business can change its name if it wants to.

Why is packaging an important part of branding?

People will recognise the business from the packaging.

People will not recognise the business from the packaging.

People will recognise the business from the store.

People will recognise the business from the packaging.

Y8 Introduction to business

Quiz

•

Business

•

4th - 6th Grade

•

Practice Problem

•

Hard

J Lewis

Used 16+ times

FREE Resource

Corporation

Franchise

Create a free account and access millions of resources

Create resources

Host any resource

Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever

or continue with

Microsoft

Apple

Others

By signing up, you agree to our Terms of Service & Privacy Policy

Already have an account?

Similar Resources on Wayground

25 questions

Principles of Business: Production and Cottage Industry

Quiz

•

6th Grade - University

25 questions

Investing Knowledge Quiz

Quiz

•

6th - 8th Grade

25 questions

FABM 2 - "Let's do the Recall !"

Quiz

•

1st Grade - University

24 questions

Business Location Decision Objectives

Quiz

•

6th Grade

30 questions

Letter Formats Quiz

Quiz

•

6th Grade

28 questions

Innovation Quiz

Quiz

•

4th Grade

30 questions

Practice Diploma -Business

Quiz

•

4th Grade

30 questions

Agri Week 5 and 6

Quiz

•

1st - 5th Grade

Popular Resources on Wayground

10 questions

Honoring the Significance of Veterans Day

Interactive video

•

6th - 10th Grade

9 questions

FOREST Community of Caring

Lesson

•

1st - 5th Grade

10 questions

Exploring Veterans Day: Facts and Celebrations for Kids

Interactive video

•

6th - 10th Grade

19 questions

Veterans Day

Quiz

•

5th Grade

14 questions

General Technology Use Quiz

Quiz

•

8th Grade

25 questions

Multiplication Facts

Quiz

•

5th Grade

15 questions

Circuits, Light Energy, and Forces

Quiz

•

5th Grade

19 questions

Thanksgiving Trivia

Quiz

•

6th Grade

Discover more resources for Business

5 questions

Banking Basics

Lesson

•

6th - 12th Grade

Y8 Introduction to business

27 questions

This type of business is owned by one person.

This type of business is owned by two or more people.

This type of business is a contractual agreement with a parent company to sell its products/services in an area.

McDonald's and Burger King are examples of....

Advantages of this business type are that the owner is their own boss and gets to keep all the profits.

Advantages of this business include: easier to get money from the bank to start, share skills and share risks.

Advantages of this type of business include: easy to start, and you can rely on a good company name and expertise.

Disadvantages of this type of business include: parent company is strict, you are limited in what you sell, and you must operate like every other franchise.

Which of the following is a disadvantage of franchise?

2. Mario and his brother Luigi started a plumbing company together. They split the profits and the expenses.

Create a free account and access millions of resources

Similar Resources on Wayground

Popular Resources on Wayground

Discover more resources for Business