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Franchises
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9th - 11th grade
Business
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  • Slide 1
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    Franchises

    NCFE Level 1/2 Business and Enterprise

  • Question 2
    30 seconds
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    Q. What is a franchise?
    answer choices
    Where a business sells the rights to their brand
    Where you have full control
    Where you keep all the profits
  • Question 3
    30 seconds
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    Q. Which is a franchisor?
    answer choices
    Starts a business
    Takes over a business
    Buys into an existing brand
    Allows others to use their brand name
  • Slide 4
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    Franchising

    A franchise is where a large company (i.e. McDonalds) allows smaller businesses to use their name. They can be identified by the following features:

    * An agreement between a franchisor and a franchisee

    * Franchisor allows the use of their business name for an agreed length of time

    *Franchisor provides materials, training and advice

    *Franchisee must provide the money to start their business

    *Franchisee must make regular payments to the franchisor

  • Slide 5
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  • Question 6
    30 seconds
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    Q.

    Which of the following is the disadvantage of the franchisor?

    answer choices

    May loose local variety and choice

    Regular payments to franchisor

    looses Independence in running the business

    if badly run, the brand will suffer

  • Question 7
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    Q. True or False - There is no set up fee involved in setting up a Franchise
    answer choices
    TRUE
    FALSE
  • Question 8
    30 seconds
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    Q. TRUE or FALSE - The Franchisee can benefit from using the brand name of the Franchise, as well as advertising and marketing
    answer choices
    TRUE
    FALSE
  • Question 9
    30 seconds
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    Q. True or False:  A Franchisee has total control of their business
    answer choices
    TRUE
    FALSE
  • Question 10
    Ungraded
    300 seconds
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    Q.

    Examination Question One


    Explain the difference between a Franchisor and a Franchisee (4)

  • Question 11
    Ungraded
    600 seconds
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    Q.

    Examination Question Two


    Explain the benefits to a potential Business owner of becoming a Franchisee rather than opening a business as a Sole Trader (6)

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