Franchise and Franchisor

Franchise and Franchisor

3rd Grade

8 Qs

quiz-placeholder

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Franchise and Franchisor

Franchise and Franchisor

Assessment

Quiz

English

3rd Grade

Hard

Created by

Wenxin Cheong

FREE Resource

8 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a franchisor responsible for in a franchise business?

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