Test your basic knowledge |

Franchise Basics

Instructions:
  • Answer 30 questions in 15 minutes.
  • If you are not ready to take this test, you can study here.
  • Match each statement with the correct term.
  • Don't refresh. All questions and answers are randomly picked and ordered every time you load a test.

This is a study tool. The 3 wrong answers for each question are randomly chosen from answers to other questions. So, you might find at times the answers obvious, but you will see it re-enforces your understanding as you take the test each time.
1. How to evaluate financial potential






2. Considerations for franchising






3. Goal of harvesting






4. What has replaced ufoc






5. Average length of franchise agreement






6. What do franchisors earn his money on?






7. Key items that go into valuing






8. What governs franchisee/franchisor relationship






9. 5 considerations prior to franchising internationally






10. Typical ways harvesting occurs






11. Not to franchise internationally

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12. Successful sale






13. How do you find right partner






14. What do franchisees earn money on






15. Evaluate potential franchisees






16. Profile of franchisee






17. 10 day and 5 day rule






18. Approach agreement renewal






19. What does a good clear franchise agreement articulate?






20. Points negotiated in contract






21. 4 items on cover page






22. 3 ways to ensure correct financial reporting






23. Time good or bad to sell






24. Do 10 day and 5 day rule run separately






25. What makes a business replicable






26. Where to grow franchise






27. Options when agreement ends






28. 6 ways to structure international franchise system






29. Purpose of ufoc/fdd






30. Who can be a multiple stakeholder