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Lesson 1

Lesson 1
32問 • 1年前
  • Shiela Caber
    • 通報

    問題一覧

  • 1

    In late 1800 he became the first official franchisee of General Motors Corporation

    William E. Metzger

  • 2

    began developing franchising in 1902 by Lewis Ligget

    Rexall Drugstore

  • 3

    He started scribbling the success story of McDonald's in which it stressed quality service cleanliness, and value (QSCV)

    Ray Kroc

  • 4

    the process of developing and distributing a franchised brand and its structure.

    Franchising

  • 5

    gives you access to the trademark, continuous franchisor support. and legal rights to carry out business using the brand's resources in return for your investment.

    Franchise

  • 6

    The agreement or license between two legally independent parties

    Franchise

  • 7

    simply sell the franchisor's products and are supplier- dealer relationships.

    Product distribution

  • 8

    franchisor licenses its trademark and logo to the franchisees but typically does not provide them with an entire system for running their business.

    Product Distribution

  • 9

    not only use a franchisor's product, service and trademark, but also the complete method to conduct the business itself such as the marketing plan and operations manuals. the most common type of franchise

    Business Format franchises

  • 10

    Types of Franchise Arrangements

    single-unit (direct-unit) franchise and multi-unit franchise

  • 11

    an agreement where the franchisor grants a franchisee the rights to open and operate ONE franchise unit.

    single-unit (direct-unit)-franchise

  • 12

    an agreement where the franchisor grants a franchisee the rights to open and operate MORE THAN ONE unit.

    multi-unit franchise

  • 13

    two ways a multi-unit franchise can be achieved

    ✓an area development franchise or ✓a master franchise

  • 14

    A franchisee has the right to open more than one unit during a specific time, within a Specified area.

    an area development franchise

  • 15

    gives the franchisee more rights than an area development agreement. In addition to having the right and obligation to open and operate a certain number of units in a defined area.

    A master franchise agreement

  • 16

    the master franchisee also has the right to sell franchise to other people within the territory, Known as

    sub-franchises

  • 17

    takes over many of the tasks, duties and benefits of the franchisor, such as providing support and training, as well as receiving fees and royalties.

    Master franchisee

  • 18

    Includes not only a product, service and trades also the complete method to conduct the business such as the marketing plan and operations

    business Format franchise

  • 19

    Also known as the Uniform Franchise Offering Circular, the disclosure document provides information about the franchise system.

    Disclosure statement

  • 20

    Describes the relationship between the franchisor and franchisee including use of trademarks, fees, support and control.

    franchise

  • 21

    the person or company that grants the franchisee the right to do business under their trademark or trade name

    franchisor

  • 22

    where the franchisee simply sells the franchisor's products without using the franchisor's method of conducting business

    Product distribution franchise

  • 23

    the franchisor's identifying marks, brand name and logo that are licensed to the franchisee

    Trademark

  • 24

    one format for the disclosure document which provides information about the franchisor and franchise system to the prospective franchisee.

    UFOC - Uniform Franchise Offering Circular

  • 25

    There are two other popular methods by which businesses expand their market and distribution channels:

    ✓distributorships ✓licensing

  • 26

    • has a contractual relationship with the supplier • buys from the supplier in bulk and sells in smaller quantities • is familiar with local markets and customers • may do business with many companies, more than just the supplier/producer • may not receive contractual support and training from the supplies/producer like a franchisee

    Distributorship - distributor

  • 27

    Allows a licensee to pay for the rights to use a particular trademark.

    Licensing

  • 28

    are mainly interested in collecting royalties and supervising the use of the license rather than influencing the operations of the business.

    licensors

  • 29

    The two main franchising legal documents are the:

    ✓the Disclosure Document, which may be in the format known as the UFOC. ✓franchise agreement

  • 30

    to provide prospective franchisees with information about the franchisor,

    UFOC

  • 31

    This is a cooling-off period in which franchisors must give prospective franchisees 10 business days to think about their decision

    Ten day Rule

  • 32

    more specific than the UFOC about the terms of the relationship between the franchisor and franchisee

    The Franchise agreement

    • MONETARY REVIEWER LESSON 1

    MONETARY REVIEWER LESSON 1

    Shiela Caber · 11問 · 1年前

    MONETARY REVIEWER LESSON 1

    MONETARY REVIEWER LESSON 1

    11問 • 1年前
    Shiela Caber

    STRAT MIDTERM EXAM

    STRAT MIDTERM EXAM

    Shiela Caber · 55問 · 1年前

    STRAT MIDTERM EXAM

    STRAT MIDTERM EXAM

    55問 • 1年前
    Shiela Caber

    BANKING (5-6)

    BANKING (5-6)

    Shiela Caber · 24問 · 1年前

    BANKING (5-6)

    BANKING (5-6)

    24問 • 1年前
    Shiela Caber

    TAXATION MIDTERM EXAM

    TAXATION MIDTERM EXAM

    Shiela Caber · 42問 · 1年前

    TAXATION MIDTERM EXAM

    TAXATION MIDTERM EXAM

    42問 • 1年前
    Shiela Caber

    PERSONAL FINANCE QUIZ

    PERSONAL FINANCE QUIZ

    Shiela Caber · 13問 · 1年前

    PERSONAL FINANCE QUIZ

    PERSONAL FINANCE QUIZ

    13問 • 1年前
    Shiela Caber

    BANKING REVIEWER

    BANKING REVIEWER

    Shiela Caber · 100問 · 1年前

    BANKING REVIEWER

    BANKING REVIEWER

    100問 • 1年前
    Shiela Caber

    1 REVIEWER IN TREASURY MANAGEMENT

    1 REVIEWER IN TREASURY MANAGEMENT

    Shiela Caber · 59問 · 1年前

    1 REVIEWER IN TREASURY MANAGEMENT

    1 REVIEWER IN TREASURY MANAGEMENT

    59問 • 1年前
    Shiela Caber

    1,2, 2.2, 3 COST ACCOUNTING MIDTERM

    1,2, 2.2, 3 COST ACCOUNTING MIDTERM

    Shiela Caber · 55問 · 1年前

    1,2, 2.2, 3 COST ACCOUNTING MIDTERM

    1,2, 2.2, 3 COST ACCOUNTING MIDTERM

    55問 • 1年前
    Shiela Caber

    RISK MANAGEMENT

    RISK MANAGEMENT

    Shiela Caber · 58問 · 1年前

    RISK MANAGEMENT

    RISK MANAGEMENT

    58問 • 1年前
    Shiela Caber

    4,7 COST ACCOUNTING

    4,7 COST ACCOUNTING

    Shiela Caber · 24問 · 1年前

    4,7 COST ACCOUNTING

    4,7 COST ACCOUNTING

    24問 • 1年前
    Shiela Caber

    TQM

    TQM

    Shiela Caber · 53問 · 1年前

    TQM

    TQM

    53問 • 1年前
    Shiela Caber

    Lesson 2-3

    Lesson 2-3

    Shiela Caber · 62問 · 1年前

    Lesson 2-3

    Lesson 2-3

    62問 • 1年前
    Shiela Caber

    Lesson 4

    Lesson 4

    Shiela Caber · 26問 · 1年前

    Lesson 4

    Lesson 4

    26問 • 1年前
    Shiela Caber

    MONETARY REVIEWER LESSON 2

    MONETARY REVIEWER LESSON 2

    Shiela Caber · 18問 · 1年前

    MONETARY REVIEWER LESSON 2

    MONETARY REVIEWER LESSON 2

    18問 • 1年前
    Shiela Caber

    VENTURE CAPITAL REVIEWER LESSON 1

    VENTURE CAPITAL REVIEWER LESSON 1

    Shiela Caber · 10問 · 1年前

    VENTURE CAPITAL REVIEWER LESSON 1

    VENTURE CAPITAL REVIEWER LESSON 1

    10問 • 1年前
    Shiela Caber

    VENTURE CAPITAL REVIEWER LESSON 2

    VENTURE CAPITAL REVIEWER LESSON 2

    Shiela Caber · 24問 · 1年前

    VENTURE CAPITAL REVIEWER LESSON 2

    VENTURE CAPITAL REVIEWER LESSON 2

    24問 • 1年前
    Shiela Caber

    問題一覧

  • 1

    In late 1800 he became the first official franchisee of General Motors Corporation

    William E. Metzger

  • 2

    began developing franchising in 1902 by Lewis Ligget

    Rexall Drugstore

  • 3

    He started scribbling the success story of McDonald's in which it stressed quality service cleanliness, and value (QSCV)

    Ray Kroc

  • 4

    the process of developing and distributing a franchised brand and its structure.

    Franchising

  • 5

    gives you access to the trademark, continuous franchisor support. and legal rights to carry out business using the brand's resources in return for your investment.

    Franchise

  • 6

    The agreement or license between two legally independent parties

    Franchise

  • 7

    simply sell the franchisor's products and are supplier- dealer relationships.

    Product distribution

  • 8

    franchisor licenses its trademark and logo to the franchisees but typically does not provide them with an entire system for running their business.

    Product Distribution

  • 9

    not only use a franchisor's product, service and trademark, but also the complete method to conduct the business itself such as the marketing plan and operations manuals. the most common type of franchise

    Business Format franchises

  • 10

    Types of Franchise Arrangements

    single-unit (direct-unit) franchise and multi-unit franchise

  • 11

    an agreement where the franchisor grants a franchisee the rights to open and operate ONE franchise unit.

    single-unit (direct-unit)-franchise

  • 12

    an agreement where the franchisor grants a franchisee the rights to open and operate MORE THAN ONE unit.

    multi-unit franchise

  • 13

    two ways a multi-unit franchise can be achieved

    ✓an area development franchise or ✓a master franchise

  • 14

    A franchisee has the right to open more than one unit during a specific time, within a Specified area.

    an area development franchise

  • 15

    gives the franchisee more rights than an area development agreement. In addition to having the right and obligation to open and operate a certain number of units in a defined area.

    A master franchise agreement

  • 16

    the master franchisee also has the right to sell franchise to other people within the territory, Known as

    sub-franchises

  • 17

    takes over many of the tasks, duties and benefits of the franchisor, such as providing support and training, as well as receiving fees and royalties.

    Master franchisee

  • 18

    Includes not only a product, service and trades also the complete method to conduct the business such as the marketing plan and operations

    business Format franchise

  • 19

    Also known as the Uniform Franchise Offering Circular, the disclosure document provides information about the franchise system.

    Disclosure statement

  • 20

    Describes the relationship between the franchisor and franchisee including use of trademarks, fees, support and control.

    franchise

  • 21

    the person or company that grants the franchisee the right to do business under their trademark or trade name

    franchisor

  • 22

    where the franchisee simply sells the franchisor's products without using the franchisor's method of conducting business

    Product distribution franchise

  • 23

    the franchisor's identifying marks, brand name and logo that are licensed to the franchisee

    Trademark

  • 24

    one format for the disclosure document which provides information about the franchisor and franchise system to the prospective franchisee.

    UFOC - Uniform Franchise Offering Circular

  • 25

    There are two other popular methods by which businesses expand their market and distribution channels:

    ✓distributorships ✓licensing

  • 26

    • has a contractual relationship with the supplier • buys from the supplier in bulk and sells in smaller quantities • is familiar with local markets and customers • may do business with many companies, more than just the supplier/producer • may not receive contractual support and training from the supplies/producer like a franchisee

    Distributorship - distributor

  • 27

    Allows a licensee to pay for the rights to use a particular trademark.

    Licensing

  • 28

    are mainly interested in collecting royalties and supervising the use of the license rather than influencing the operations of the business.

    licensors

  • 29

    The two main franchising legal documents are the:

    ✓the Disclosure Document, which may be in the format known as the UFOC. ✓franchise agreement

  • 30

    to provide prospective franchisees with information about the franchisor,

    UFOC

  • 31

    This is a cooling-off period in which franchisors must give prospective franchisees 10 business days to think about their decision

    Ten day Rule

  • 32

    more specific than the UFOC about the terms of the relationship between the franchisor and franchisee

    The Franchise agreement