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Questions and Answers
Which of the following best describes a franchisor?
Which of the following best describes a franchisor?
- A person who purchases a franchise
- A person who sells a franchise (correct)
- A person who manages a franchise
- A person who operates a franchise
Who is responsible for selling a franchise?
Who is responsible for selling a franchise?
- Franchisee
- Franchisor (correct)
- Business broker
- Franchise consultant
What is the role of a franchisor in a franchise relationship?
What is the role of a franchisor in a franchise relationship?
- To operate the franchise business
- To provide ongoing support and guidance to the franchisee (correct)
- To purchase a franchise
- To manage the franchise operations
Which of the following has influenced the rate of adoption of new technologies the most?
Which of the following has influenced the rate of adoption of new technologies the most?
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What is the main factor that has affected the rate of adoption of new technologies?
What is the main factor that has affected the rate of adoption of new technologies?
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Which of the following is NOT a factor that has influenced the rate of adoption of new technologies?
Which of the following is NOT a factor that has influenced the rate of adoption of new technologies?
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Study Notes
Franchising
- A franchisor is a company that grants the right to use its brand, products, and business model to another company (the franchisee).
- The franchisor is responsible for selling the franchise.
- The franchisor's role is to provide training, support, and ongoing guidance to the franchisee, while also maintaining brand standards and ensuring consistent quality.
Technology Adoption
- The rate of adoption of new technologies is influenced by several factors, including the perceived benefits, cost, ease of use, and compatibility with existing systems.
- The main factor that has affected the rate of adoption of new technologies is the perceived benefits.
- The following are NOT factors that have influenced the rate of adoption of new technologies: the color of the technology.
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