Which one of the following in NOT an advantage of a franchise? Group of answer choices A. Training and management assistance B. Personal ownership C. Nationally recognised name D. High royalties to be paid

Which of the following is one of the shortcomings experienced by franchisees in a franchise arrangement?Multiple Choicecentralized buying powerlack of management training and assistanceless freedom in business decisionslow chances for success

Which of the following is not an advantage to a franchisee?Quick expansion into new territoriesBusiness advice from a franchisor with a successful track recordAdvertising and marketing support paid for by the franchisorSelling of a known, popular product

Which of the following is NOT true regarding franchising?Group of answer choicesFranchising is not a very effective entry mode for the service industryFranchising involves utilizing a license to gain access to knowhow, technology, and brand name in return for royaltiesFranchising may produce a viable competitor in the franchiseeAll of the above are true. PreviousNext

What is the main advantage of a franchise as a form of business ownership?Complete autonomyGuaranteed successEstablished brand and operational supportNo initial investment required

Which of the following is NOT a characteristic of a franchise?Independent operationPayment of royaltiesOperating under a franchisor's trade nameFollowing a franchisor's operational guidelines