Franchising vs. Business Process Outsourcing Quiz
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Franchising vs. Business Process Outsourcing Quiz

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@SafeWashington

Questions and Answers

What is network marketing primarily used for?

To expand sales through a network of distributors

Why do manufacturers utilize network marketing in business structures requiring multi-level marketing?

To accommodate a large network of distributors and sub-distributors

What advantage does network marketing offer manufacturers?

No need to rely on advertising

What is a disadvantage of network marketing mentioned in the text?

<p>Difficulty controlling distribution and sales</p> Signup and view all the answers

What is the relationship between M-commerce and E-commerce?

<p>M-commerce is a subset of E-commerce</p> Signup and view all the answers

Who coined the term 'm-commerce' and in what year?

<p>Kevin Duffy in 1997</p> Signup and view all the answers

Which of the following is NOT listed as an application of M-commerce?

<p>Hotel Booking</p> Signup and view all the answers

What is the main purpose of franchising in business?

<p>To expand a business without additional costs</p> Signup and view all the answers

What do franchisees gain by entering into a franchising agreement?

<p>They receive training and assistance from the franchisor</p> Signup and view all the answers

Which party in a franchise is responsible for providing goods, services, and assistance?

<p>Franchisor</p> Signup and view all the answers

What does a franchising agreement entail?

<p>It is a contract that specifies applicable terms and conditions for the franchise</p> Signup and view all the answers

What is one disadvantage for franchisors mentioned in the text?

<p>Leaking secrets to competitors</p> Signup and view all the answers

Which type of aggregator collects and compiles similar and important information on one website?

<p>News Aggregators</p> Signup and view all the answers

What is one advantage of Business Process Outsourcing (BPO) discussed in the text?

<p>Speed</p> Signup and view all the answers

What is the purpose of an aggregator as described in the text?

<p>To collect and compile important information</p> Signup and view all the answers

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