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Theme 1 quick review Flashcards | StudBud
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Theme 1 quick review
Theme 1 quick review
10 terms
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StudBud Administration
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52 plays
Knowledge of 1.1, 1.2 & franchise required
Flashcards
10 cards
F
Practice quiz
P
Host live
L
Questions
10
Answers
1
True or False: Virgin Atlantic is a direct competitor of Ryanair.
True
False
2
An enterprise is another word for?
a business person
Spaceship
Star Trek
a business
3
Which of the following is NOT a franchise?
Subway
Topshop
McDonalds
KFC
4
Which of the following best describes added value:
What you add to get it to sell best
The difference between the cost and the sale price
the sale price
branding
5
True or False: The franchisor provides the license to the franchisee
False
True
6
True or False: Quantitative data refers to information expressed as opinions.
True
False
7
Which of the following terms refer to a person who owns and runs their own business?
business man
boss
enterprise
entrepreneur
8
Which of the following is NOT an advantage of choosing a franchise as a start up?
High level of capital required
Training provided
Well known brand
Economies of scale (bulk discounts)
9
Which of the following is NOT an example of primary research?
Interviews
Surveys
Local newspapers
Observations
10
Which of the following is NOT a way to compete?
Price
Market share
Selling experience
Quality
