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Quiz: Franchising as a Growth Method
WJEC Eduqas GCE A LEVEL in BUSINESS specification
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Building on what you've learned about business growth strategies, let's test your knowledge of franchising as a growth method. This quiz will cover key concepts to ensure your understanding of how franchising works and its benefits and challenges.
Which of the following best defines franchising?
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Which of the following are advantages of franchising for the franchisor? (Select all that apply)
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A franchisee pays the franchisor an initial {{blank0}} fee and ongoing {{blank1}} based on sales revenue.
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Match the items on the left with their correct pairs on the right
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Which of the following is a disadvantage for franchisees?
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Which of the following industries commonly use franchising as a growth method? (Select all that apply)
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One benefit of franchising as a growth method is the ability to expand quickly with {{blank0}} resources.
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Match the items on the left with their correct pairs on the right
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Which of the following is a key characteristic of a franchise agreement?
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What are some disadvantages of franchising for the franchisor? (Select all that apply)
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