Operational Control. Which franchisor manual provided by the franchisor to new franchisees is referred to as "the bible?". C) Geography payment of a fee. T/F, A disadvantage of purchasing a franchise is that franchisors seldom provide adequate training programs. c. WebProbably the earliest example of franchising in the United States is most likely to be: McCormick Harvesting Machine Company. The extra value a business can command in a sale is known as d. In this scenario, John is a _____. A) The franchisor The Small Business Administration offers many courses to individuals interested in going into business or improving his or her business. a. A realistic estimate for the cost of legal requirements to begin a franchising system could be: How many phases are included in the Franchise PERT Chart? d. Which of the following is NOT one of the four P's of selling? the health problems he faced as a teenager. A) They may be announced or unannounced. b. the franchise In multi-unit franchisees, franchisees receive permission from the franchisor to own and operate more than one unit at the outset of their relationship, whereas single-unit franchises initially only receive permission to operate a single unit. Wherein the goal of the market-focused business strategy is to identify and supply product/service to discrete segments with promise of strong demand yet allowing for flexibility in meeting demand and where a firm can concentrate its internal resources describes characteristics of which of the following four market-focused business strategies? Which of the following businesses would most likely be included in the production industry? Which of the following statements is true about franchising? C) Franchisor Disclosure Document Franchisees may pay a fee that is separate from the royalty fee, often called a cooperative advertising fee, to contribute to an individual advertising fund. Which of the following is true about the serious prospective franchisee? Compensate the franchisee for the use of its trademark. Develop strategic plans for the franchise firm. Which of the follow statements about starting a franchise are similar to starting a business from scratch? location of the competition. Payroll NOT: to generate data which can be used to accumulate working knowledge Attorneys and CPA firms B. c. The implementation of marketing mix variables in franchise channels is less fluid and flexible than in conventional channels. c. In purchasing an existing business the first question should be: "Why are you selling?". C. Generally, franchise marketing channels are more closely knit (i.e., closer relationships) than conventional channels. a. Which of the following should the potential entrepreneur consider in developing a plan of operation? Find all vertical and horizontal asymptotes of the graph of the given function. Which descriptor is not a part of the definition or franchising? A) Guarantees brand recognition new-new C. Increased regulatory scrutiny. c. 5-age. Supplies Generally, the larger and more successful the franchisor, the greater the franchise fee that is charged. the owner's family stability and relationships. According to the text, which of the following is not a consideration when selecting a franchise? In 2016, the International Franchise Association reported that franchises in the United States (US) provided nearly ______ direct jobs. Obtain needed training from franchisees Uniqueness in a product or service can be demonstrated through a new-new approach or a new-old approach. a. Which of the following is not an advantage of a franchise?
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