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Franchising Flashcards | StudBud

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Franchising

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Franchise

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Questions 10

Answers

1
Who is a franchise bought by?
A wholesaler
A franchisee
A franchisor
2
What does this Franchise term mean? - "Training".
Training them for subjects at school.
teaching them how work in that specific job.
Giving them tips on how to work out.
Training them for a swimming contest.
3
What does the term mean - "Back up services".
help its reputation.
loans and insurance if it fails.
In case the building blows up.
Runs out of electricity.
4
Franchisees have to pay a fixed sum of money back to the business
True
False
5
Which of the following is NOT an advantage offered by a franchise?
A well known brand
A prime location
A tested product
6
<p>Which do you not gain once you start a franchise?</p>
Money
Equipment
Uniform
Quality
7
<p>What isnt a benefit of a franchise?</p>
A brand name.
Costs may be higher than you expect.
Training for employees.
<p>Exclusive area to work.</p>
8
What does this term mean? - "A brand name".
your own and uniqe logo.
something under the logo
using a companys name as your own.
9
<p>how much money roughly to start up a Franchise?</p>
£250,000
£300,000
£225,000
£500,000
10
What does this term mean? - "Equipment".
having your sports gear ready.
Get giving equipment from the franchise to work.