1/6/2020 MQ2: Attempt review

Dashboard / My courses / BL-BAMM-6002-LEC-1923T / Week 6-7: Fundamentals of Franchising / MQ2

Started on Monday, 6 January 2020, 10:18 PM

State Finished
Completed on Monday, 6 January 2020, 10:19 PM
Time taken 1 min 32 secs
Grade 5.00 out of 5.00 (100%)

Question 1 The franchisee can benefit from using the brand name of the franchise, as well as advertising and marketing. 
Correct

Mark 1.00 out of Select one:

1.00
True 

False

Question 2 Fee paid from franchisee to franchisor based on percentage of sales. 

Correct

Mark 1.00 out of Select one:

1.00
a. market payment 

b. special payment 

c. business fee 

d. royalty fee 

Your answer is correct.

Question 3 One of the benefits of franchising is obtaining legal advice. 

Correct

Mark 1.00 out of Select one:

1.00
True

False 

Question 4 There is no set up fee involved in setting up a franchise. 

Correct

Mark 1.00 out of Select one:

1.00
True

False 

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1/6/2020 MQ2: Attempt review

Question 5 They realize significant pricing discounts by joining together with many others to buy materials, supplies, and
Correct services, such as advertising. Buying a franchise instead of setting up an independent company can help the
Mark 1.00 out of would-be entrepreneur avoid many of the difficulties and mistakes that inexperienced owners face when trying
1.00 to start a company from scratch. The franchisee gets a proven system of operation, training in how to use it, and
on-going support. 

Select one:
a. Reputable  franchisors conduct market research before selling a new outlet, so the franchisee can be
confident that there is a demand for the product of service. 

b. Franchisees enjoy the benefit of strengths in numbers. 

c. By comparison, independent operators have to negotiate on their own, usually getting less favorable
terms.  

Your answer is correct.

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