
Franchising Quiz

Quiz
•
Business
•
University
•
Medium
Nadia Hanum Amiruddin
Used 6+ times
FREE Resource
15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a franchisee?
A consultant for franchise businesses
An employee of the franchisor
A small business owner operating a franchise
A person who grants licenses to others
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does a franchisor do?
Operates the franchise outlets
Grants licenses to third parties
Manages the day-to-day operations
Provides funding for franchisees
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a franchise agreement?
A verbal agreement between parties
A marketing strategy for franchises
A financial report of the franchise
A legally binding document outlining terms
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is franchising compared to a marriage?
Both are temporary arrangements
Both need commitment and communication
Both involve legal contracts
Both require financial investment
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one responsibility of a franchisor?
To operate the franchise location
To manage the franchisee's finances
To provide training and support
To hire employees for the franchisee
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one advantage of franchising?
Lower initial investment than starting a business
No need for a business plan
Access to established brand recognition
Complete independence from the franchisor
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a disadvantage of franchising?
Limited control over business operations
Guaranteed profits
No support from the franchisor
High potential for failure
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