a franchisor can control all of the following except

b. His customers often talk about trikes. T/F, There is no need to find out more information about a prospective franchise as the franchisor should be the primary source of information T/F, A franchising strategy whereby a single franchise owns more than one unit in a given area is typically referred to as an area developer strategy T/F, The potential value of any franchise arrangement is defined by the rights outlined in the franchise contract. The implementation of marketing mix variables in franchise channels is less fluid and flexible than in conventional channels. Increased management flexibility Low expectations among franchisees age of the competition's owners. c. Which descriptor is not a part of the definition or franchising? Master franchises do not allow individuals and organizations to buy the right to subfranchise within a delineated geographic territory. A realistic estimate for the cost of legal requirements to begin a franchising system could be: How many phases are included in the Franchise PERT Chart? E. All of the above statements are true. c. Solved All of the following are reasons a franchisor may - Chegg WebThe Franchisor bills and received payment from the customer directly, and then after deducting its royalties and other fees and payments, sends the Franchisee the balance; If new-old, old-new, Starting a business by adapting something already on the market is called what approach? Entitles the franchisee to business operational advice. Which of the following is NOT an element of virtual relationship management in e-business strategy? c. c. weaknesses. Franchising and franchise channels continue to grow dramatically. d. The founding a franchise is quite ________ in form and method to creating a new business from scratch. a, b, and c above, When this asset is purchased, the buyer should be sure to deduct those so old that they are deemed uncollectible. franchisor. NOT: dealing with financial issues such as accounting and finances. a. Changes in leasehold conditions. c. a. E) Employees, A franchisor's record of success can ________. Which of the following is not a type of franchising according to the text? Decide whether the following statement makes sense or not Explain your reason. Attorneys and CPA firms franchise payment of a fee. Which major question in his business plan does this statement address? NOT: to generate data which can be used to accumulate working knowledge d. c. C. Potential to reduce distribution costs B. The "Trademarks" section of the UFOC details ___________. Negotiating a deal to acquire exactly what is required from the operation. health care Automotive The difference between single-unit and multi-unit franchises is: Potential franchisees should evaluate franchisors' operations based __________. D) Data regarding existing units the ability to build personal relationships with the owners and other employees. The "right questions" the prospective small business owner should ask about a franchise deal with Many franchisors require potential franchisees to work for an established franchisee for a period of time because they _________. Which of the following is true about the serious prospective franchisee? old-old b. c. What Should the Franchisor Control? - Franchise Law, Disputes time and effort are reduced c. a. Which of the following is true regarding the costs of franchises? A. Freddie's Fenders is seeking a loan from the SBA. D) It is unlawful to do such inspections. a. What special skills does the entrepreneur have that will bring success? The prospective investor should get as much information as possible on the franchisor. c. The franchisee is bound by the terms the franchise contract. What helps you identify the customers whose needs your franchise best satisfies? What is the first step to good site selection? c. Firms selling heavy industrial machinery are most likely to use the franchise model to control product distribution. d. The ___________ is a contract linking all franchisees to the franchisor. c. b. True or false: Individual thinking they were buying franchise that gave them an opportunity for success found that they had paid for what amounted to little more than a name. What are the typical payments paid by a franchisee to a franchisor? Degree of control and importance of channel members c. During the period a patent is in effect, no business or individual can copy or use the patented invention without the patent holder's permission. Henry approaches her about operating his own business under the terms above. a. D. Uniform Code of Justice (UCJ) whichever method the franchisor deems appropriate for a their particular business. Web4-family background. opening product inventory. About how much time does it typically take in the United States to establish a business as a legal entity? a. Where should you retire someday? d. The Antitrust Division of the Federal Trade Commission takes legal action against any business it believes has tried to monopolize an industry. reduced concern over future operations. WebFrianchisees are likely to be more successful when the franchisor provides high-quality products and helps with finding locations. a. b. Which of the following statements regarding what franchisors include as part of their package are correct? Payroll A) Guarantees brand recognition The approach to be used by a franchisee in providing the franchisor's products or services to the customer is called: Composite data about the franchise industry itself suggests which approach to franchising continues to experience strong growth: In 1979, the Federal Trade Commission established Rule 436.1, also known as the Franchise Disclosure Act, for the purpose of: diminishing illegal and unethical practices. Which is not a start-up expense? disagreements between the two parties have increased and contract disputes are causing many lawsuits. b. new-new legal and professional fees The local Small Business Administration Office Franchisee or Franchisor: Who Gets Franchise Control | QVALON Samantha would like to get a small business loan from the SBA. Is it up to date? a. D. Service providers that wish to maintain a high degree of control over channel members are likely to use the franchise channel model. True or false: A poorly performing or disruptive franchisee detracts from the overall operations as well as taking time and effort of the franchisor away from the business of growing the brand. 2. amount to the government independent of his or her Where is Ellis most likely to go for advice and guidance about running the outlet? C) Territory The general purpose of a promotions package by the franchisor to potential franchisees is to: From a broad perspective, ( ) means effective communication and promotion of the franchised product or service to the targeted audience. d. B) Franchisee Disclosure Document NOT: marketing and advertising to customers E) None of the above is a type of franchising. The franchise with the most outlets in the United States is. C. Increased regulatory scrutiny. Only franchisees operating multi-unit franchisees can own more than a single franchise.. (Check all that apply.) b. A. a. Which of the following things is NOT true about the accounting process? hurt not only the business at their location but also the image of other locations. A Starbucks franchise located inside a Target store is called ___________ franchising. CHAPTER 2 Flashcards | Quizlet Communications between franchisors and franchisees is one-way, performance data that flows from the franchisee to the franchisor. identify a franchisor that is the best potential match for him or her in terms of support, expansion plans, and so on. What is the effect of such a tax on the owner's family stability and relationships. T/F, A franchise is typically attractive because it offers training, financial assistance, and operating benefits. a. Jeremy has written a business plan for the business he would like to open. Which one of the following is not one of the required factors for successful leadership? b. b. E) Not be counted on, A) Provide a significant advantage for your business start-up, All of the following are advantages of franchising except ________. it may be purchased at a bargain price. Which of the following is a question which can be sidestepped when buying a business? When Reno purchases the McDonald's she will be expected to supply, labor and capital and will own and operate the outlet. buying a new business The most common form of franchising today is one in whic. Several years ago the British government imposed a Do you think this was a popular tax? ENT 3172 Chapter 1-12 Terms Flashcards | Quizlet Intro to Business- Chapter 5 Flashcards | Quizlet & H_0: \sigma_1^2 \leq \sigma_2^2 \\ All of the above, Have a seller retain a _____interest in the business. The Federal Trade Commission regulates franchise. T/F, One benefit of becoming a franchisee is sharing a profits with the franchisor. The owner may be in trouble with suppliers. new-old, Which of the following are trends creating business opportunities? Which of the following is like a "snapshot" of the franchise's fiscal condition? There are six major organizational development tasks required of a franchisor to develop from a single unit firm into a growing franchise system. a. A. Selling supplies to the franchisee Which one of the following is NOT an advantage of franchising for the franchisee? c. D. They are most common among automobile and soft drink channels. This desire is referred to as. A) Established multiple franchises c. d. proven track record. T/F, Because the offering and sale of a franchise are more intensely regulated by state and federal laws than is the establishment of a new business, individuals and/ or firms involved in negotiating a franchise arrangement have limited need for legal counsel. Frianchisees are likely to be more successful when the franchisor provides high-quality products and helps with finding locations. These include all of the following EXCEPT: Two primary points must be considered when a franchisor develops expansion plans for a franchise. C) Popularity The _________ has the responsibility for the business location, of establishing the business, and of building the storefront. Will the business's mission and vision change? Offer new products/services in new territories to new customers, One who owns and operates more than one franchise unit is known as a, NOT: Area Developer Darrel is considering expanding the business by franchising. The downsides for franchisees participating in franchise channels include all of the following except: Which of the following statements is true regarding, business format franchises? It is structured between single-unit and multi-unit franchises. E) An act of God, In relation to franchising advantages, you purchase the use of the company's logo, trademark, and advertising, as well as the physical design, layout, and dcor that ensure ________. Depreciation. The person who gets the franchise is usually required to do all of the following except: C) In shopping malls About fifteen percent of all marriages in North America fail. C) Penalty The primary administrative costs of administering a franchise program typically include those of: hiring and training salespeople to recruit or solicit prospective franchisees, The recruitment package is part of the franchisor's, initial response to a potential franchisee's inquiry for information about the franchise, The written information provided in the franchise package to a prospective franchisee contains, promotions package and operations materials. A franchise system can be used for handling Supplies Why might it be a good idea for a franchisor to investigate several ASP vendors before choosing one? franchatter. What crucial element is necessary for the success of co-branding partners? a. Leticia has always wanted to own her own restaurant but has read that restaurants have a very high failure rate. Which of the following statements most accurately describes the success rate of franchises? How often should financial accounting information be reviewed by management? T/F, The buyer of an existing business typically acquires its personnel, inventories, physical facilities, establish banking connections, and ongoing relationships with trade suppliers. a. The _________ is the entrepreneur who buys the franchise from the ________. What environmental impact did European practices of land management have in Australia and New Zealand? D. There is no difference, they are different labels for the same form of franchise channel. True or false: A franchisor and a franchisee are both dependent on each other for success. have the ability to quickly adapt to change. Traits that entrepreneurs tend to have include all but which one of the following? Which of the following does Smoothie King founder Stephen Kuhnau credit as the reason for his success? The acutal cost of "opening the doors" of a franchise establishment can be as high as $200,000. franchising E. All of the above are about equal. payroll B. b. E) All of the above, Which of the following aspects would the franchisor control in a business-format franchising situation? b. b. Prior job Does a physical count correspond with the book count? both of the above. All of the following are true about small business except. The franchisor provides a system for the franchisee to operate the business. Find all vertical and horizontal asymptotes of the graph of the given function. The most important area to examine prior to purchasing a business is company profitability. c. Which characteristic is not considered a positive of franchising? Changes in zoning which affect the business. In the "_________" section of the UFOC, the franchisor must disclose all fees that are charged to franchisees. Which of the following is not an advantage of a franchise? The market research should be independent of the franchisor. Ch.16 Flashcards | Quizlet _________ is a broad area that encompasses such things as brochures, signs, logos, televisions advertisements, newspaper, advertisements, sales techniques, adn internal business design. Which of the following are reasons entrepreneurs should conduct their own market research? Degree of control and importance of channel members. all of the above. C. The greatest benefit to franchisors is the marketing assistance they receive from franchisees. d. d. NOT: asset utilization for the business B) Be a concern for a franchisee E) All of the above, The term "FDD" stands for which of the following? A regular and continuous fee paid to the franchisor by the franchisee is called: A) Required Pick the correct phrase from the following that best characterizes the relationship between franchisors and franchisees. NOT: prospective franchises being recruited into the system.

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