The Franchise Model Quiz

96This quiz is designed to test your knowledge of these modules of the “The Franchise Model” lessons in the Management Skills Courses, specifically;-

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The Franchise Model Quiz

In a Business Format franchise there is not usually a tightly controlled agreement as to how the business is run

As a potential franchisor you need to consider;-
Select all that apply

A franchisor cannot refuse to renew a franchise even if targets are not met.

A franchisee need have no prior knowledge of their chosen industry sector, but it will usually improve their chances of success if they have an interest and some prior knowledge

The advantage of the franchise system is that there is;-
Select all that apply

To be suitable to franchise a business must be;-
Select all that apply

To you prepare to franchise your business, you will usually need to;-
Select all that apply

The fees and royalties paid by the franchisee can be used by the franchisor to;-
Select all that apply

Fees charged by a franchisor may include;-
Select all that apply

As a potential franchisee, the things you would be looking for in a franchisor would include;-
Select all that apply

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