Franchise Quiz

A Franchisor is.....

• A franchisor is a type of employee in a company.
• A franchisor is a customer who buys products from a franchise.
• A franchisor is a government entity that regulates businesses.
• A franchisor is a party that licenses its business model and brand to a franchisee.

The person or the group who have the right to market a product or service using the operating methods of the franchisor called as....

• license
• patent
• distributorship
• franchisee

Who is a man called as "The Father of Franchise"?

• Howard Schultz
• Colonel Sanders
• Benjamin Franklin

• Dave Thomas

the franchisor licenses its trademark and logo to the franchisees but typically does not provide them with an

entire system for running their business known as.....

• business format franchise

• operating manual
• Product Distribution Franchise

• franchise agreement

These are the advantages of owning a franchise, except....

• Must pay ongoing royalties and advertising fees.

• High potential for profit
• Established brand recognition
• Access to training and support

These are the single fees of franchise, except....

• Outlet Development

• Ongoing royalties
• Marketing contributions
• Initial franchise fee

What is typically included in a franchise agreement?

• A detailed marketing plan

• The franchisee's personal financial history

• A list of competitors

• Terms of the franchise relationship

Which of the following is a disadvantage of owning a franchise?

• Access to a proven business model

• Limited creativity in business operations

• Strong brand recognition

• Training and support from the franchisor

What is the primary role of a franchisee?

• To operate a business using the franchisor's brand and system

• To create marketing strategies for the franchisor

• To manage the franchisor's corporate office

• To develop new products for the franchisor

Which document outlines the rights and responsibilities of both the franchisor and franchisee?

• Franchise Disclosure Document

• Business Plan

• Franchise Agreement

• Operating Manual