What is a franchisor responsible for in a franchise business?

Franchise and Franchisor

Quiz
•
English
•
3rd Grade
•
Hard
Wenxin Cheong
FREE Resource
8 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Keeping the profits from the outlet
Financing new outlets and increasing sales
Buying the licence from the franchisee
Appointing franchisees and receiving a licence fee
2.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
What does a franchisee need to do to operate a franchise business? (There are 2 answers)
Buy the licence from the franchisor
Pay for advertising
Make important decisions on prices
Obtain products from the franchisor
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What could happen if a franchisee manages the business poorly?
Bad reputation for the whole business
More independence in decision-making
Expansion of the business
Increase in sales and profits
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a benefit of operating a franchise business in terms of training?
No need for training
Training provided by the franchisor
Training provided by the franchisee
Training paid for by the franchisee
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who makes decisions regarding the menu and pricing at a restaurant franchise?
Franchisor
Customers
Local area
Franchisee
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does a potential homebuyer have to pay in addition to the down payment?
Property taxes
Home insurance
Mortgage interest
Closing costs
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a disadvantage of operating a franchise business in terms of decision-making?
No need to follow franchisor's guidelines
Complete control over prices
Unable to make decisions for the local area
More independence in decision-making
8.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who benefits from the profits of the outlet in a franchise business?
Local area
Customers
Franchisor
Franchisee
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