2 Which of the Following Is True of a Franchise

Technically the contract binding the two parties is the franchise but that term. 3Existing managers and employees may resist change.

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- reduce the risk of starting a new retailing business because a good strategy has already been developed and tested.

. 5 6Public franchises create monopolies by restricting Aentry. 2very difficult to determine what a small business is worth must rely on analysis comparisons and estimates. Incorrect Question 20 0 2 pts Which of the following is true regarding franchises.

Definition of a franchise Examples of franchises Types of fees generally involved with a franchise Primary concerns of a franchisor. A They are always small owner managed businessesb They generally agree to charge prices in accordance with the franchisors guidelinesc They generally enter an agreement with a franchisor for a fixed periodd They create legal relationships between themselves and their customers. Three major reasons that explain why franchisors distribute via franchise channels are.

Which of the following is a disadvantage of buying a franchise. 1finding a successful business for sale that is appropriate for your skills and education. - often help franchise holders by providing purchasing power and promotion support.

1 capital advantages 2 potential to reduce distribution costs and 3 possible high level of managerial motivation fostered by franchising. - usually receive fees and commissions from the franchise holder. 4reputation of business may be a hindrance to future success.

Franchise owners are typically required to pay a royalty on sales a franchise owner is not affected by poor strategic decisions of the franchise brand franchising is declining in popularity. A franchise is an agreement whereby independant businessperson is given exclusive rights to sell a specified good or service. Which of the following is true of franchising two.

And 3 obtain assistance from franchisee. 1 capital advantages 2 potential to reduce distribution costs and 3 possible high level of managerial motivation fostered by franchising. In a franchise a franchisor allows a franchisee to use its business systems trademarks and processes.

A franchise is a type of administered marketing system. Dan exclusive right granted to a firm to supply a good or service. Cultural clashes can lead to the breakup of this arrangement.

A small business structure wherein the owner puts up their own capital and has complete control over all operational decisions. A business strategy based on intimidating as close as legally possible a larger more successful company. - leave it to retail franchise holders to carry out the strategy in their own units.

Two major telecommunication corporations in the United States Joint Venture. 32 Questions Show answers. Dthe holder of a public franchise 4 5A public franchise is Aan exclusive right granted to an inventor of a product.

What is a form of business ownership in which 2 or more people jointly owns a. A franchise is a business that markets a product or service developed by a franchisor typically in the manner specified by the franchisor. 1 capital advantages 2 potential to reduce distribution costs and 3 possible high level of managerial motivation fostered by franchising.

Question 21 2 out of 2 points Three major reasons that explain why franchisors distribute via franchise channels are. These assessments focus on the following. In a franchise two franchisees allow each other to use their respective business systems trademarks and processes.

Franchisees may pay a fee that is separate from the royalty fee often called a cooperative advertising fee to contribute to an individual advertising fund. And Gavin Incorporated worked together to create a new entity with the name of Stintson-Gavin Incorporation. Which of the following is not true of franchisees.

A franchise or franchising is a method of distributing products or services involving a franchisor who establishes the brands trademark or trade name and a business system and a franchisee who pays a royalty and often an initial fee for the right to do business under the franchisors name and system. Which of the following is true of combination franchising. Ba government issued license required to practice a profession.

According to this lesson what is the definition of a franchise. Three major reasons that explain why franchisors distribute via franchise channels are. In a franchise two franchisors allow each other to use their respective business systems trademarks and processes.

Ca unique source of raw materials.

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