International Trade

International Trade

University

34 Qs

quiz-placeholder

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International Trade

International Trade

Assessment

Quiz

English

University

Practice Problem

Medium

Created by

Anh Tran

Used 9+ times

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34 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a common advantage of franchising for the franchisee?

Total control over brand image

Full legal responsibility

Access to an established business model

Unlimited market expansion

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A disadvantage of franchising for the franchisor is:

Increased brand recognition

Risk of brand inconsistency

Higher start-up costs

Fewer revenue streams

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a key legal issue in franchising?

Tax rate variations

Recruitment strategies

Intellectual property rights

Seasonal sales dips

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

One major risk for the franchisee is:

Too much creative freedom

Paying ongoing royalties

Owning too many outlets

Lack of customer base

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the term “franchise fee” refer to?

Monthly rent

Initial payment to operate

Import tax for goods

Commission for product sales

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A franchise agreement usually includes all EXCEPT:

Duration of the contract

Terms of training

Product innovation rules

Personal financial statements

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following methods is considered the safest for the exporter?

Open account

Consignment

Letter of credit

Cash on delivery

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