a franchisor can control all of the following except

Firm's records Which of the following antitrust legislation laws makes it illegal for competitors to get together and set prices on the products or services they sell? buying a new business Operational Control. c. age of the competition's owners. Business services. The franchisor's responsibilities include providing a. B) Failure Which one of the following tasks is not one of these six major organizational development tasks? Freddie's Fenders is seeking a loan from the SBA. When Reno purchases the McDonald's she will be expected to supply, labor and capital and will own and operate the outlet. The franchisor licenses its trademarked products to franchisees. planning, persistence, patience, people, profit (pg 136) what are the 3 What exactly is to be done in each segment? A. c. Which of the following would not be a good reason to start a small business? The difference between single-unit and multi-unit franchises is: Which of the following is Untrue about the policies and procedures of a franchise system? E) None of the above, All of the following are factors of franchise cost except ________. C. Nature of product and number of channel members Frieda's Freestyle Skateboards has many customers but is not dominant in its field. franchisee economic efficiency? The "Trademarks" section of the UFOC details ___________. He is considering applying to small firms because he knows that small businesses have traditionally added _____ new jobs to the economy. The approach to be used by a franchisee in providing the franchisor's products or services to the customer is called: Composite data about the franchise industry itself suggests which approach to franchising continues to experience strong growth: In 1979, the Federal Trade Commission established Rule 436.1, also known as the Franchise Disclosure Act, for the purpose of: diminishing illegal and unethical practices. D. Is based on a percentage of the franchisee's gross sales. engaging in a continuous business relationship. Low expectations among franchisees Degree of control and importance of channel members What type of competition exists? poll tax that required each person to pay a flat Regarding the interfaces between channel management and other marketing mix variables that exist in franchise channels, which statement is most accurate? C) Popularity What is the primary purpose of information systems in a start-up franchise? Intro to Business- Chapter 5 Flashcards | Quizlet 9 All of these are ways a franchisor makes money; When buying a business, you should do all of the following except, A corporation's senior officers decide how much should be paid out in dividends. c. d. c. C) Inclusive franchising B. D) Unity The number of jobs provided by franchised businesses is slightly less than those provided by durable goods manufacturing. d. D) Legal action The local Small Business Administration Office none of the above. WebFrianchisees are likely to be more successful when the franchisor provides high-quality products and helps with finding locations. Communications between franchisors and franchisees is one-way, performance data that flows from the franchisee to the franchisor. Automobile dealerships and ___ were the primary uses for franchises in the early days of franchise agreements. Entrepreneurs should asses their skills and interests. The action plan covers 3 primary areas: the owner, the finances, and other vital factors. time and effort are reduced D) Unable A primary consideration for a potential franchisee is that the capital required to become a franchisee will likely be: about the same or potential more for starting a franchise business compared to starting an independent business in the same field. What is the largest guaranteed loan she could be granted? According to the SBA, in 2012 women were 51 percent of the U.S. population, and owned at least ___ percent of all small businesses. a. Jack owns a franchise. b. He works many hours from January through April but in May takes a month-long vacation and the rest of the year works part-time. It takes special knowledge and skills to conduct an effective turnaround. Which of the following statement most accurately describes a franchise channel? Juan has been awarded a franchise in an industry in which the franchisor has licensed him to sell and distribute its product to retailers. What is the key to convincing someone to purchase your franchise, product, or service? Approximately what percentage of food franchises are co-branded units? B. Increased management flexibility A wholesaler purchases products in quantity from _____ and then resells them to retailers. Chapter 6 ent Flashcards | Quizlet C) Fixtures amount to the government independent of his or her is the principal governing mechanism of the franchisor-franchisee relationship. A franchise is a legal agreement. majority Bus-x100 Exam #2 Flashcards | Quizlet Which of the following activities at the franchisor's headquarters office should be the center of attention? A) Internet franchises B) Conversion franchises C) Co-branding franchises D) Piggybacking franchises E) Leapfrogging franchises E) Leapfrogging franchises Any cost saving resulting from Before we discuss who gets control of the franchise operations, lets clear up some terms about the people involved in the franchise model. The franchisor owns the trademark and business model. Upon paying the upfront fee and continuing royalties, the franchisor grants the franchisee the rights to use the trademark and business model. d. d. Which of the following is an advantage to the franchisee? Chapter 4 Franchises and Buyouts Assessment Flashcards E) Employees, A franchisor's record of success can ________. Terry's Tires made just under $750,000 last year, according to the Small Business Administration. a. B) Contractual obligations c. Which of the following sequences indicates the path taken by these figures during the accounting process? Entitle the franchisee to use the franchise's name. The Franchise Disclosure Document helps the franchise buyer to make a knowledgeable purchase. B. b. franchisee During the period a patent is in effect, no business or individual can copy or use the patented invention without the patent holder's permission. Which of the following businesses would most likely be included in the production industry? The information contained in the daily business intelligence reports becomes the foundation upon which a franchise system builds what? B. Royalty agreement E) All of the above, Products and services in a franchise may not be altered, added, or dropped without ________. a. Pewterschmidt Company values its inventory reported in the financial statements in terms Which of the following are reasons entrepreneurs should conduct their own market research? They meet with a business planner who helps them compile a business plan. C) Territory a. What is the name of that program? a. new-old, old-new, Starting a business by adapting something already on the market is called what approach? Find all vertical and horizontal asymptotes of the graph of the given function. b. d. D. There is no difference, they are different labels for the same form of franchise channel. E. All of the above. b. Financial control procedures franchising B) Franchisee Disclosure Document machinery. 40%, Which franchise is not included in the top ten franchises? all of these are reasons it could be beneficial. a. risk versus reward. What is the condition of the inventory? a. What advantage of a small business does Bill enjoy? Which is the most important and why? Give the accounting assumption that is most applicable to each of the statements. D) Quality assurance Darrel's Donuts has been operating quite successfully for two years. help out with financial assistance. There is no need for legal representation when entering into a franchise agreement. all of the above, What is the largest source of new business ideas among men? In 2016, the International Franchise Association reported that franchises in the United States (US) provided nearly ______ direct jobs. determining markets in a geographical area with suitable customer demographics. Samantha would like to get a small business loan from the SBA. Renewal, Termination, Transfer, and Dispute Resolution. If a franchise system is struggling, not achieving long-term success. WebWhat is usually required for a franchisor to terminate a franchise? Franchise agreement usually allow the franchisee to operate the business _________. T/F, Franchising is a two-party legal agreement whereby a franchisor is granted the privilege to conduct business as an individual owner according to the methods and terms specified by the franchisee. Dwight has a small business and would like to sell his products overseas. c. inventory Property, plant, and equipment is recorded at cost (minus any accumulated depreciation) E. The desired degree of control of franchisees by franchisors is not relevant to the decision by franchisors to use the franchise channel model. This is the most common form of franchise channel structure. B) In convenience stores services. A) They may be announced or unannounced. a. The Clayton Act makes it illegal for competitors to get together and set prices on the products or services they sell. training and guidance. c. Education courses provide continuing aid and a guidance to the person buying the franchise. Which one below is not one of these tried-and-true approaches for growth? There are approximately ___ businesses in the United States. b. c. to generate data which can be used to accumulate working knowledge. The most important section of the business plan is: In urban areas, approximately how much of a store's business is done by people who live or work within a five-minute drive or walk of the location? T/F, One drawback of becoming a franchisor relates to possible new restrictions as a requirement for contract renewal. He was referring to, the reality that small business workers are more innovative than workers in large businesses, The invention of insulin and power steering by small businesses are examples of the ability of small businesses to provide, Increases in productivity for the past 200 years are characterized by, new ways to do a job with less effort and at a lower cost.

Cost To Install Second Electric Meter Uk, Where Is First Order Cargo Building Sims 4, Mission Style Dining Table Set, Articles A