1 capital advantages 2 potential to. You have the security of following in someone elses footsteps.
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And is the only one has right to allow the other to use its possession.
. This is the most common form of franchise channel structure. A franchise is a joint venture between a franchisor and a. One of the advantages of starting your own business is A.
Knowledge Check 01 Which of the following statements about franchises are true. In a franchise a franchisor allows a franchisee to use its business systems trademarks and processes. C A successful franchiser has determined through trial and error the best system of daily operations for the established business.
Because of the fact that certain areas equipment employees supplies and responsibilities may be shared aong the multiple franchises ___ arrangements are more complicated than ordinary franchises. There is no limit on the amount the owner has to pay to settle debts. As the franchisor is the owner of the mother company with the ownership of special systems trademarks processes etc.
View Business Law Test 2docx from BUL MISC at Hillsborough Community College. Which of the following is true about the FTC franchise rule with respect. The price for predictability is often long-term boredomUser.
Build a loyal customer base. The owner only loses the amount invested in the business. A franchise involves initial sales of products and services as well as ongoing sales.
A Franchisees are imitators. Each part of the franchise arrangement must be evaluated to. Following statement about franchise are true 1.
B About a quarter of all retailing is franchised. Which of the following statements concerning business format franchises is true. There is little innovation in a franchise system.
The freedom to make your own decisions can be limited if the business you choose is a. After you open your new business is not the best time to A. _____ is when rival companies.
C Franchising is a way for an innovator to earn higher innovation profits. As the examples in the lesson demonstrate speeches are often A. The motivation of franchise channel members has less to do with cooperation and partnerships than in conventional channels.
The franchisee licenses are trade mark to the franchisor. E All franchises restrict the location and number of their franchise locations. And 3 obtain assistance from franchisee.
They involve a supplier-dealer arrangement. A franchise ensures wide distribution of a franchisors trademark business model and goods. A law which outlaws price discrimination.
The freedom to make your own decisions can be limited if the business you choose is a. Question 20 2 out of 2 points Which of the following is a true statement pertaining to single-unit franchises. Up to 25 cash back Which of the following is true in a typical franchise situation.
Select all that apply Check All That Apply A franchise involves a license to use intellectual property. Which of the following is an advantage of starting a new business. Other statements are false and the vice versa ia.
When 1 or more franchisees operate 2 or more franchises at the same location. They represent the majority of total franchise sales in the United States. Up to 25 cash back Which of the following is true in a typical franchise situation.
The price for predictability is often A. You dont have to compensate for someone elses mistakes. Three major reasons that explain why franchisors distribute via franchise channels are.
100 1 rating View answer additonal benefits from the subscription. Increased barriers to entry d. Statements which is true.
Three major reasons that explain why franchisors distribute via franchise channels are. This is the most common form of franchise channel structure. Conduct research on your product.
Use your imagination and. They are characterized by a business relationship that includes the product service and trademark only. 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.
A A franchisee can be found liable for misappropriating trade secrets even if the item has no patent or trademark protection B Trade secrets are generally protected under federal law C A franchisee granted a license to use a trademark cannot be found guilty of trademark. The answer would be True. MAR3023 QUIZ 102 1 Which of the following statements is true about franchising.
A gas station that includes a fast food restaurant inside. New franchisees can therefore avoid many of the common start-up mistakes of new business owners. Personal possessions of the owner can be taken to pay any debts.
Which of the following can destroy a monopoly. You dont have to reinvent the wheel. The owner is personally liable for all the debts of the business.
A reduction in the price of factor inputs b.
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