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Franchises Flashcards | StudBud
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Franchises
Franchises
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StudBud Administration
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Flashcards
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Questions
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Answers
1
What is the definition of a Franchise?
The right to sell a good/service within an exclusive market
A government-issued right to operate a business
An organization that requires stocks to enter
The right to sell goods or services in an original business
2
McDonald's has been a franchising company since __, and has relied on their franchisees success
1999
1955
1954
1943
3
You need a minimum of ___ of unborrowed resources to be considered to open to open a McDonald's
$500,000
$1,003,000
$45,000
4
A Franchisor is the company that allows an individual to run a branch of their business ?
True
False
5
All of the following is an advantage of a franchise EXCEPT?
Guaranteed financial success
Financial Assitance
Standardized Quality
Management and training support
6
What kind of training do you need to open a McDonald's
Complete a training program at Hamburger University
6 months as a manager in another restaurant
Just have enough money
