Quiz

Quiz: Franchises - What They Are and Why Firms Use Them

iGCSE Business Studies [Edexcel]

11 Steps9 Questions

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Welcome! Building on your knowledge of business ownership types, let's explore franchises and test your understanding of why firms use them.

Multiple ChoiceInteractive

What is a franchise?

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Multi-SelectInteractive

Which of the following are advantages for a franchisee? (Select all that apply)

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Fill in the BlankInteractive

The {{blank0}} is the company that owns the brand and licenses it to others, while the {{blank1}} runs the business under the franchisor's brand.

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MatchingInteractive

Match the items on the left with their correct pairs on the right

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Math EquationInteractive

Match the items on the left with their correct pairs on the right

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Multiple ChoiceInteractive

Why might a business choose to become a franchisor?

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Multi-SelectInteractive

What responsibilities does a franchisee usually have? (Select all that apply)

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Fill in the BlankInteractive

Franchise agreements often include a {{blank0}} fee paid upfront and ongoing {{blank1}} fees based on revenue.

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typedAnswer

Match the items on the left with their correct pairs on the right

Multiple ChoiceInteractive

Which of the following is NOT a reason a franchisor might choose franchising?

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