Froggy Jumps Franchising QuizOnline version Test your knowledge about franchising in business with these 10 questions! by sarah ayyad 1 What is a franchise fee? a A fee paid by the franchisor to the franchisee for services. b A fee paid by customers to buy products from a franchise. c A fee paid by a franchisee to the franchisor for the right to use the franchise brand. 2 Which of the following is NOT a benefit of franchising? a Complete control over the business operations. b Established brand recognition. c Support from the franchisor. 3 What is a franchise disclosure document (FDD)? a A financial report for existing franchisees. b A legal document that franchisors must provide to potential franchisees. c A marketing brochure for potential franchisees. 4 What is the role of a master franchisee? a To provide financial support to the franchisor. b To oversee the franchisor's operations. c To develop and manage a territory and recruit sub-franchisees. 5 What is the term for the ongoing royalty fee paid by franchisees? a Franchise commission. b Franchise bonus. c Franchise royalty. 6 What is a conversion franchise? a When a franchise expands to a new location. b When an existing independent business becomes a franchise. c When a franchise changes its brand name. 7 What is the term for the exclusive right to operate in a specific territory? a Franchise monopoly. b Territorial expansion. c Territorial protection. 8 What is the role of the franchisor in a franchise system? a To provide training, support, and marketing assistance to franchisees. b To set up independent businesses. c To purchase products from franchisees. 9 What is a multi-unit franchise? a When multiple franchise brands are owned by the same franchisee. b When a franchisee operates in multiple countries. c When a franchisee operates more than one unit of the same franchise brand. 10 What is the term for the initial package of support provided by the franchisor? a Franchise package. b Franchise bundle. c Franchise toolkit.
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