Froggy Jumps Franchise Knowledge QuizOnline version Test your knowledge about franchises with this fun quiz game! by sarah ayyad 1 What is a franchise? a A government program for small businesses. b A business model where a franchisee operates under a franchisor's brand. c A type of investment fund. 2 What does a franchisee pay to a franchisor? a A one-time donation. b Taxes on profits. c Royalties and fees for using the brand. 3 Which of the following is a benefit of franchising? a No initial investment required. b Established brand recognition. c Complete independence in operations. 4 What is a franchise agreement? a A marketing strategy document. b A verbal agreement. c A legal contract outlining the terms between franchisor and franchisee. 5 Which industry commonly uses franchising? a Fast food restaurants. b Real estate agencies. c Local farmers' markets. 6 What is a master franchise? a A franchise that operates without a brand. b A franchise with no fees. c A franchise that allows the holder to sub-franchise in a specific area. 7 What is the primary risk for a franchisee? a Guaranteed profits every year. b Dependence on the franchisor's success. c Complete control over the business. 8 What is the term for the initial payment to start a franchise? a Startup cost. b Franchise fee. c Operational cost. 9 What is a franchise disclosure document? a A financial statement. b A document providing detailed information about the franchise. c A marketing brochure. 10 What is a common reason for franchise failure? a Poor location choice. b Too much advertising. c Excessive customer demand.
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