Franchises
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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What is a franchise? | Companies operating under the name of, and selling products of, another company.
It is the cooperative relationship of the franchisor and franciese.
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What is a franchisor? | A large company that has chosen to grant a license to use its name, product, and procedure to a smaller company.
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What is a franchise? | A business that pays a licensing fee to the franchisor
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Who is responsible for obtaining a franchise license? | Franchisor
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What does the franchisor provide the franchise after the partnership is formed? | The franchisor provides reasearch and development, logo, policies and procedures, marketing assistance, and ongoing quality assessments.
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mfagre
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