Which of the Following Is Not True About Franchising

Which of the following is true of combination franchising. B There are some instances in which franchising is not appropriate.

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A Franchising involves short-term commitments when compared to licensing.

. D Franchising by its very nature involves the sharing of knowledge. Is NOT TRUE abaout franchising because In franchising the parent firm assumes relatively more risk tan with licensing According to the other characteristics mentioned on the franchise agreement it can. Is NOT TRUE abaout franchising because In franchising the parent firm assumes relatively more risk tan with licensing According to the other characteristics mentioned on the franchise agreement it can be said that the advantage for the franchisor is that it transfers the risk and.

Franchisors are often owners of trade secrets including product formulas business plans and models and other ideas. This is especially true if you feel overwhelmed by all the processes. It is the practice in which the parent firm is obligated to provide specialized equipment andor service and sometimes to fund some startup costs to franchisees in return for an annual fee.

Franchisors may not license or disclose their trade secrets to franchisees. Which of the following is not true of franchisees. Less than 50 of all US business employ fewer than 20 people.

B It is an ownership-based international business activity. Greater numbers of people can use it for illegal purposes puts survey in. Some franchises do not restrict the location or number of their franchise locations.

It is a small-scale growth opportunity. C Franchising is a relatively new form of business organization. If a company does prove it will be a successful franchise by operating multiple locations which of the following will most likely occur.

B Franchising is employed mostly by manufacturing firms. A The franchisee and not the franchiser takes the responsibility of marketing and advertising activities. In franchising the parent firm assumes relatively less risk than with licensing.

A franchise is an agreement whereby independant businessperson is given exclusive rights to sell a specified good or service. In franchising the parent firm assumes relatively less risk than with licensing. Which of the following is NOT true about franchising.

The licensorfranchisor has to bear the full costs and risks associated with foreign expansion. Franchisees must pay a monthly royalty fee to the franchisor which is typically 610 percent of gross revenues. The licensorfranchisor has the ability to coordinate globally.

C Franchising requires franchisees to agree to abide by strict operating procedures. Franchising is governed by the Franchising Code of Conduct 2014 The franchisor pays upfront plus ongoing fee to use the system and for the support of the franchisee. The licensingfranchising strategy creates very limited competitors.

CThe franchisee is free to modify the franchisors products. Which of the following is true about franchising as an entry strategy. Which of the following statements is true of franchising.

BThe franchisee can consult the franchiser for managerial and financial help. A franchise that provides you with step-by-step setup help and continuing support can be a good choice. Person who receives the rights to methods of operation true D65 Markets true False questions.

Which of the following is not true about franchise. In franchising the parent firm assumes relatively less risk than with licensing. None of the above.

It does not apply to international markets. In franchising the parent firm assumes relatively less risk than with licensing. In multiformat franchising big-name franchise operations team up with each other to offer both companies products under the same roof.

A In some industries such as automotive and retail food franchising is a dominant form of business ownership and growth. Companies are moving away from multiformat franchising because this format does not allow them to take advantage of synergy. 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.

The licensorfranchisor has to bear the full costs and risks. The licensorfranchisor does not have tight control over technology and marketing. It does not fit within the Timmons Model of entrepreneurship.

1 Point Franchising is a contract between two independent business proprietors. The licensorfranchisor does not have tight control over production and marketing. Owner of the following is not true about franchise agreements assumes relatively less risk than other small business.

An agreement between two or more firms that do not involve the creation of a separate entity with joint ownership and in which the firms stand to gain revenues and maximize profits through cooperation. Which of the following is true about franchising. If you struggle with marketing and if you are unsure of where to start when it comes to a business a franchise might not be a bad idea.

The licensingfranchising strategy creates very limited competitors. Cultural clashes do not impact multiformat franchising. It is based on partnership effort.

C It restricts a firms ability to expand more rapidly abroad. Asked Apr 30 2016 in Business by GlamPunk. The use of a product followed by a marketing plan.

Which of the following is not a component of a franchise opportunity. Which of the following is true of licensingfranchising. D Franchising eliminates any claim that the franchisor may seek in the future profits following the franchising agreement.

The statement c. A It provides firms with minimum control over foreign operations. Franchisors do not guarantee minimum revenues to their franchisees nor do they necessarily conduct any local market research on their behalf.

Is NOT TRUE abaout franchising because In franchising the parent firm assumes relatively more risk tan with licensing According to the other characteristics mentioned on the franchise agreement it can be said that the advantage for the franchisor is. Most franchisors license the use of their trade names trademarks and service marks to.

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