154-Franchise-Basics

154-Franchise-Basics - Name: Date Taken: Class: Total...

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Name: Class: Date Taken: Total Possible Marks: 21 Franchise Basics Complete the following questions in the time allowed by your teacher QUICK DEFINITIONS Write a short, accurate definition for each of the following key terms. (2 marks for each good quality definition) 2 1. Define: franchise 2 2. Define: franchisor 2 3. Define: franchisee QUICK LISTS In this section, provide an outline or list points which answer the question 4 4. List up to four examples of franchise businesses operating on UK high streets or retail parks (one mark for each valid example) A. B. C. D. E. F. G. H. www.tutor2u.net - 1 -
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- 2 - 4 5. List up to four advantages of setting up a new business using an established franchise (one mark for each different, valid item listed) A. B. C. D. E. F. G. H. I. J. 3 6. Outline three potential disadvantages for someone who decides to invest in a franchise rather than starting a standalone business (one mark for each valid issue) A. B. C. D. E. F. G. H. www.tutor2u.net - 2 -
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- 3 - Short Answers In this section, write a short answer (one or two sentences) for each question. Two marks for each good answer. 2
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This note was uploaded on 02/08/2012 for the course FIN FIN4345 taught by Professor Koij during the Spring '10 term at FIU.

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154-Franchise-Basics - Name: Date Taken: Class: Total...

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