Podcast
Questions and Answers
What is the main benefit that franchisees get for their investment?
What is the main benefit that franchisees get for their investment?
- Ownership of the franchiser's trademark (correct)
- Exclusive rights to franchise in new markets
- Access to the franchiser's business model
- Freedom to operate independently
In the context of franchising, what does the term 'franchiser' refer to?
In the context of franchising, what does the term 'franchiser' refer to?
- A company or person granting a franchise (correct)
- A business operating under a franchise system
- An individual buying a franchise
- A legal document outlining franchise terms
What aspect of a business does a franchisee gain access to through a franchise agreement?
What aspect of a business does a franchisee gain access to through a franchise agreement?
- Financial statements
- Marketing strategies and branding (correct)
- Human resources policies
- Supply chain management
Which of the following statements best describes the role of a franchisee in a franchise system?
Which of the following statements best describes the role of a franchisee in a franchise system?
What motivates entrepreneurs to opt for franchising as a growth strategy for their businesses?
What motivates entrepreneurs to opt for franchising as a growth strategy for their businesses?
Why is franchising considered a popular business expansion model?
Why is franchising considered a popular business expansion model?
What differentiates a franchisee from a typical business owner?
What differentiates a franchisee from a typical business owner?
How does franchising benefit both the franchiser and the franchisee?
How does franchising benefit both the franchiser and the franchisee?
Why do many business owners choose to expand through franchising rather than other methods?
Why do many business owners choose to expand through franchising rather than other methods?
What characteristic distinguishes a successful franchise system from others?
What characteristic distinguishes a successful franchise system from others?
