Which of the Following Statements Is True of Franchisors

Three major reasons that explain why franchisors distribute via franchise channels are. Franchisees ability to freely expand its territory.

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The Rule requires franchisors to provide all potential franchisees with a disclosure document containing 23 specific items of information about the offered franchise its officers and other franchiseesAdditional.

. Her responsibilities include the full financial authority to make appropriations and authorize expenditures. Feedback Your answer is correct. Franchises are more risky than other forms of business ownership.

Franchisors may suffer a loss of control over how their technology. 2Entrepreneurial activities have a domino effect to the Filipino people the local community Philippine economy3. Flag question Question text Direct Franchising the franchisor grants the franchisee the right to open one franchised business at one location with a specified geographic range that will be protected from other franchised businesses of the same system Select one.

Identify if the following statements are true or false regarding disclosures of franchisors. Uniform Franchise Offering Circular. Franchisees may use franchise knowledge to start a competing business.

Up to 24 cash back 29. Through franchising a company invests very little capital or labor because the franchisee supplies both. A lack of funds and workers can cause a company to grow slowly.

A franchise involve a license to use intellectual property 2. A Entry into numerous foreign markets is tough and costly. Franchisors benefit from franchise agreements because they allow companies to expand much more quickly than they could otherwise.

C There will be a decreased need for workers who maintain robotic technologies. The statement c. LOO The UCC does not apply in the realm of disputes between franchisors and franchisees.

Which of the following is true of small businesses. A firms financial statements should not be adjusted because they conform to generally accepted accounting principles. And 3 obtain assistance from franchisee.

And is the only one has right to allow the other to use its possession. Minimal setup costs involved. Maintaining control over franchisees is seldom difficult d.

Following statement about franchise are true 1. Franchisors are often from manufacturing industries. Franchisees ability to take control of the business.

A 1 and 2 b 2 and 3 c 3 and 4 d 1 2 3 and 4 Franchisees receive technical assistance from the parent company along with customer-service. Entry into numerous foreign markets is tough and costly c. Which of the following statements is true of franchisors.

B Maintaining control over franchisees is seldom difficult. Technically the contract binding the two parties is the franchise but that. F Financial statements should be adjusted by a potential buyer so that they reflect realistic values - eg property that has recently appreciated in value and receivables that are actually worth less than their.

TRUE OR FALSE 1. 62 Which of the following statements is true about international franchisors. Correct Answer.

As the franchisor is the owner of the mother company with the ownership of special systems trademarks processes etc. The franchisee can consult the franchiser for managerial and financial help. In franchising the parent firm assumes relatively less risk than with licensing.

Franchisors usually risk a huge capital when expanding abroad. Training and support provided by the franchisor. The Franchise Rule gives prospective purchasers of franchises the material information they need in order to weigh the risks and benefits of such an investment.

The franchisor the company has right to give individual permission to run the business utilizing the possession of the company. Franchisors can operate only in their home country and cannot enter international markets. Franchisors need to invest substantial capital b.

Lucia is a chief financial officer in a large corporation. A franchise or franchising is a method of distributing products or services involving a franchisor who establishes the brands trademark or trade name and a business system and a franchisee who pays a royalty and often an initial fee for the right to do business under the franchisors name and system. Lucia is likely to be a.

It does not fit within the Timmons Model of entrepreneurship. Each part of agreement must be evaluated to identify perfor. C The franchisor can set sales quotes and record-keeping requirements Ya franchisor exercises too much authority in the day to day affairs of the franchisees business the franchisor could be held liable for the torts of the franchisees employees.

C Franchisors need to invest substantial capital. An advantage of franchising is the. Which of the following statements is true about international franchisors.

Disclosure of all significant commitments and obligation resulting from franchise agreements including a description of services that have not yet been. D Franchisees may use franchise knowledge to start a competing business. 1 capital advantages 2 potential to reduce distribution costs and 3 possible high level of managerial motivation fostered by franchising.

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