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Understanding the Concept of Franchise Quiz

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1. What is a franchise?

2. What is the primary benefit for a franchisor in having franchisees?

3. In franchising, what is the role of a franchisee?

4. Which of the following is a significant risk for a franchisee when entering a franchise agreement?

5. Which of the following best describes a master franchise agreement?

6. Which of the following is an ongoing cost that a franchisee may expect to pay to a franchisor?

7. What is the primary benefit that a franchisee might expect from a franchise agreement?

8. What typically happens to a franchisee's business operation when the franchise agreement ends?

9. What is expected of a franchisee in a franchise system?

10. Why might a successful business choose to become a franchisor?