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The entrepreneur who buys the franchise: franchisee incubator franchisor manager 2.According to your text,which is not true regarding franchises:

1.The entrepreneur who buys the franchise:

franchisee

incubator

franchisor

manager

2.According to your text, which is not true regarding franchises:

right to operate for a specific period of time

limited competition in a specific radius.

right to operate for an unlimited period of time.

rights to an established brand

3.The basic contract generated by the franchisor which contains clauses requiring the purchase of supplies, the displaying of marketing material, and the payment of fees that are based upon the sales of the branch operation:

founder's agreement

mission statment

partnership agreement

franchise agreement

4.The franchisor makes money in all of the following ways except:

Selling the franchise to the franchisee

Buying the franchise from the franchisee

Collecting a percentage of sales

Selling supplies to the franchisee

5.After selling your business, you should do all of the following except:

Make all significant changes in one day

refrain from discussing the purchase with your staff

Inform customers of the change in ownership

Discuss the purchase with existing staff.

6.An advantage of franchise ownership is that the franchise provides:

proven operational techniques

marketing support

training

all of the above

7.When purchasing a franchise the entrepreneur should consider all of the following except:

what is included in the franchise.

franchisor obligations only.

both franchisee and franchisor obligations.

franchisee obligations only.

8.When purchasing a franchise, one should consider what is included in the franchise, steps to obtain the franchise, and:

Both franchisee and franchisor obligations

Franchisee obligations only

Franchisor obligations only

None of the above.

9.The principal governing mechanism of the franchisor-franchisee relationship is the:

Uniform Franchise Offering Circular

founder's agreement

partnership agreement

mission statement

10.The firm that originates the idea for the business and develops the operational methods:

incubator

venture capitalist

franchisor

franchisee

Top Answer

1 a) The entrepreneur who buys a franchise... View the full answer

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