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. What do franchisees earn money on






2. Average length of franchise agreement






3. 5 considerations prior to franchising internationally






4. How do you find right partner






5. Not to franchise internationally

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6. Time good or bad to sell






7. Considerations for franchising






8. Who can be a multiple stakeholder






9. Successful sale






10. What do franchisors earn his money on?






11. Evaluate potential franchisees






12. Profile of franchisee






13. Goal of harvesting






14. What does a good clear franchise agreement articulate?






15. Where to grow franchise






16. Typical ways harvesting occurs






17. What governs franchisee/franchisor relationship






18. 6 ways to structure international franchise system






19. Purpose of ufoc/fdd






20. Options when agreement ends






21. What makes a business replicable






22. 3 ways to ensure correct financial reporting






23. What has replaced ufoc






24. Points negotiated in contract






25. Do 10 day and 5 day rule run separately






26. Approach agreement renewal






27. How to evaluate financial potential






28. 4 items on cover page






29. Key items that go into valuing






30. 10 day and 5 day rule