Answer the questions.

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Your name and surname + your telegram nick (@ivanivanov) *

Answer the questions.

1. Which is a franchisor? *

0 points

Starts a business

Buys into an existing brand

Takes over a business

Allows others to use their brand name

2. What is a franchise? *

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Where a business sells the rights to their brand

Where you keep all the profits

Where you have full control

3. Fee paid from franchisee to franchisor based on percentage of sales *

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royalty fee

advertising fee

franchise fee

license fee

4. Which is not a major advantage of franchising for a franchisor *

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increased revenue

new locations without financial responsibility

brand awareness

none of these

5. True or False: A Franchisee has total control of their business *

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True

False

6. TRUE or FALSE - The Franchisee can benefit from using the brand name of the Franchise, as well as advertising and marketing *

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True

False

7. Opening a branch of a successful business as a Franchise, is a guaranteed way of making money *

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True

False

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