Franchise

What is a Franchise?

• operation system

• contract binding two parties

• brand distribution

Which one is an advantage of buying a franchise?

• acces to established company's brand name

• you don't need the experiance to run it

• have higher rate of success than start ups

• all of the anwsers are correct

What is a disadvantage of running a franchise?

• there may be little room for creativity

• easier to secure finances

• independance of a small business

• established reputation

Buying a franchise means ongoing sharing of profit with the franchisor

• true

• false

Which industry is popular but competitive when it comes to a franchise?

• financial

• technological

• fast food

• automotive