
Understanding Franchising: A Business Model
Interactive Video
•
Business
•
11th Grade
•
Practice Problem
•
Hard
Sandra BYRT
FREE Resource
Enhance your content in a minute
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the role of a franchisor in a franchise business?
Pays ongoing fees to the franchisee
Operates all locations of the franchise
Purchases rights to use the franchisee's brand
Provides training and support to the franchisee
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which company is noted as the most successful franchise globally?
Starbucks
Subway
McDonald's
Skechers
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a major advantage of buying a franchise like McDonald's?
Avoiding training programs
Establishing a new brand
Freedom to set prices
Utilizing an established brand
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the range of annual sales for a typical McDonald's franchise in the UK?
£2 to £5 million
£1 to £3 million
£500,000 to £2 million
£1.5 to £4.3 million
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What type of support does McDonald's provide to its franchisees?
Financial loans
Product innovation
Legal advice
Marketing and advertising
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How much can the combined ongoing fees amount to in a McDonald's franchise?
Up to 30.3% of net sales
Up to 35% of net sales
Up to 25% of net sales
Up to 20% of net sales
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a significant drawback of purchasing a franchise?
Simpler business operations
No need for advertising
Lack of brand recognition
High initial investment
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