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- 1. Multiple ChoiceWhich is a franchisor?Starts a businessTakes over a businessBuys into an existing brandAllows others to use their brand name
- 2. Multiple ChoiceWhat is a franchise?Where a business sells the rights to their brandWhere you have full controlWhere you keep all the profits
- 3. Multiple ChoiceFee paid from franchisee to franchisor based on percentage of salesroyalty feefranchise feeadvertising feelicense fee
- 4. Multiple ChoiceTRUE or FALSE - The Franchisee can benefit from using the brand name of the Franchise, as well as advertising and marketingTRUEFALSE
- 5. Multiple ChoiceTrue or False - There is no set up fee involved in setting up a FranchiseTRUEFALSE
- 6. Multiple ChoiceOpening a branch of a successful business as a Franchise, is a guaranteed way of making moneyTRUEFALSE
- 7. Multiple ChoiceWhen should you consider franchising if you want to expand your business?lack moneylack timelack personnelall of above
- 8. Multiple ChoiceWhich is not a major advantage of franchising for a franchisorincreased revenuebrand awarenessnew locations without financial responsibilitynone of these
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