Franchising Quiz

It is a business model in which a company provides an individual or group permission to operate a business under the franchisor's established brand.

• Franchising

• Business Format

• Agreement

It also outlines renewal options and potential extensions.

• Terms and Agreement

• Franchise Fee

• Royalty Fee

It is the types of Franchising, Except.

• Business Format Franchising

• Product Distribution Franchising

• Produce Product Franchising

It defines the geographic area where the franchisee has the exclusive right to operate.

• Franchise Fee

• Territory

• Marketing Fee

It is the most common type of Franchising, where the franchisor provides the franchisee with a complete system for operating the business.

• Business Format Franchising

• Product Distribution Franchising

• Produce Product Franchising

It is a Filipino fast-food chain that has gained international recognition.

• Jollibee

• McDonald's

• KFC

This is an ongoing percentage of sales paid by the franchisee to the franchisor.

• Marketing Fee

• Royalty Fee

• Franchising Fee

This section covers the franchisee's rights and obligations regarding the use of the franchisor's trademarks, logos, and other intellectual property.

• Intellectual Property

• Termination

• Dispute Resolution

It is where the franchisee's get from the franchisor to help them to succeed in the business.

• Ongoing Support

• Capital

• Established Brand Recognition

It is one of the advantages that the franchisee's get from the franchise business if it is well established and well recognized.

• Capital

• Established Brand Recognition

• Lower Failure Rate