EEE 2023 Chapter 15
Pete Marsella entered into a franchising agreement where he was to pay
an ongoing royalty. Pete Marsella is the_________.
franchisee
The owners of Flip ItBurgers, a potentialfranchisor, realized that in fast
food, it is important for the franchisor to provide a formula for doing
business to the franchisee along withtraining, advertising, and other forms
of assistance. The right type of franchise system for Flip It Burgers is a
__________ franchise.
business format
hen AngieCarmicheal, a former middle school math teacher buys the
W
rights to open five Kumon franchises within the city limits ofJacksonville,
Florida, this is an example ofa(n) ________ franchise agreement.
area
A franchisee buys the rights to open five Jiffy Lube franchises in Grand
Rapids, Michigan, and also the rights to sell the rights to open 15 additional
Jiffy Lube locations in the same area to other individuals. This is an
example ofa(n) ___ franchise agreement.
master
Which of the following is NOT a way franchisors can develop the potential
of theirfranchisees?
A. Keep operating manualsup-to-date.
B. Keepproduct, services, and business systemsup-to-date.
C. Reduce the royalty rate.
D. Maintain the franchisesystem's integrity.
E. Provide mentoring that supersedes routine training.
C. Reduce the royalty rate.
Pete Marsella entered into a franchising agreement where he was to pay
an ongoing royalty. Pete Marsella is the_________.
franchisee
The owners of Flip ItBurgers, a potentialfranchisor, realized that in fast
food, it is important for the franchisor to provide a formula for doing
business to the franchisee along withtraining, advertising, and other forms
of assistance. The right type of franchise system for Flip It Burgers is a
__________ franchise.
business format
hen AngieCarmicheal, a former middle school math teacher buys the
W
rights to open five Kumon franchises within the city limits ofJacksonville,
Florida, this is an example ofa(n) ________ franchise agreement.
area
A franchisee buys the rights to open five Jiffy Lube franchises in Grand
Rapids, Michigan, and also the rights to sell the rights to open 15 additional
Jiffy Lube locations in the same area to other individuals. This is an
example ofa(n) ___ franchise agreement.
master
Which of the following is NOT a way franchisors can develop the potential
of theirfranchisees?
A. Keep operating manualsup-to-date.
B. Keepproduct, services, and business systemsup-to-date.
C. Reduce the royalty rate.
D. Maintain the franchisesystem's integrity.
E. Provide mentoring that supersedes routine training.
C. Reduce the royalty rate.
