Final quiz 1 by Micaela

UGRD-ITE6301
Technopreneurship

Franchises will be taking care of my business problems.

Select one:
True 

False
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The correct answer is 'False'.

Question 2
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Franchises will be the cheapest business option.

Select one:
True 

False
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The correct answer is 'False'.

Question 3
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There are some negative attributes of buying a franchise and those include?

Select one:

Franchise fees and profit sharing

Strict adherence to standardized operations

Restrictions on purchasing

all of the choices

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Your answer is correct.
The correct answer is: all of the choices

Question 4
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The step/s to consider in buying a franchise is/are _____ .

Select one:

Make your choice

all of the above

Talk to existing franchisees

Ask the franchiser some tough questions

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Your answer is correct.
The correct answer is: all of the above

Question 5
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Which of the following is/are the types of franchising systems?

Select one:

Pure (or comprehensive or business format) franchising

all of the choices

Tradename franchising

Product distribution franchising

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The correct answer is: all of the choices

Question 6
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One of the primary reasons for interest in a franchise system is that the franchisee is able  to
tap into the proven experience and guidance that the franchise offers.

Select one:
True

False 
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The correct answer is 'True'.

Question 7
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Which of the following is/are the benefits of franchising?

Select one:

all of the choices

Standardized quality of goods and services

Brand name appeal

Management training and support

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The correct answer is: all of the choices
Question 8
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There are some negative attributes of buying a franchise and those include?

Select one:

Unsatisfactory training programs

Limited product line

all of the choices

Market saturation
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Your answer is correct.
The correct answer is: all of the choices

Question 9
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Franchises will enable the owner to be removed from day–to–day management.

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True

False 
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The correct answer is 'False'.

Question 10
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Which of the following is/are the benefits of franchising?

Select one:

Greater chance for success

all of the choices

Site selection and territorial protection

Centralized buying power

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Your answer is correct.
The correct answer is: all of the choices

Question 11
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Franchises will be more successful based on its size.

Select one:
True

False 
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The correct answer is 'False'.

Question 12
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Franchises will be “all the same”.

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True 

False
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The correct answer is 'False'.

Question 13
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Franchises will be able to have improvement potential.

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True 

False
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The correct answer is 'False'.

Question 14
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Which of the following is/are the benefits of franchising?

Select one:

National advertising programs

Proven products and business formats

Financial assistance

all of the choices

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The correct answer is: all of the choices

Question 15
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Franchises will be economical.

Select one:
True 

False
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The correct answer is 'False'.

Question 16
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Franchises will be a business anyone can do.

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True 

False
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The correct answer is 'False'.

Question 17
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Franchises will be a business “I” can run things the way “I” want to.

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True

False 
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The correct answer is 'False'.

Question 18
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The benefits of franchising have proven to have a positive impact on the success rate of
franchises,  beginning in the first year of operation, compared to nonfranchise ventures.

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True

False 
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The correct answer is 'True'.

Question 19
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The step/s to consider in buying a franchise is/are _____ .

Select one:

Evaluate yourself

Research your market

Consider your franchise options

all of the choices

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The correct answer is: all of the choices

Question 20
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Question text
Franchises will be safer and will not fail.

Select one:
True
False