Franchising - class-XI
Description: franchising | |
Number of Questions: 34 | |
Created by: Shankara Prabhu | |
Tags: international business recent trends of business emerging service business in india business studies commerce |
Franchising is similar to licensing.
Franchising is the practice of using another firm's successful business model.
______ usually set strict rules and regulations as to how the franchisees should operate while running their business.
Characteristic(s) of franchising include(s) ______.
Franchising can be terminated before the expiry of franchising period.
Franchising enables the franchiser to increase his goodwill and reputation by expanding his network.
Payment of _________ on a regular basis is to be made to the franchiser.
The franchiser allows the franchisee to use his _______under a license.
The franchisee does not enjoy exclusive rights in his territory.
If not maintained properly, trade secrets can get divulged to others in the foreign markets. This is a disadvantage of ______.
Which type of Privatisation is common in utility services and transport?
Compared to licensing, franchising is a more advantageous entry mode because __________.
Franchiser helps the franchisee on setting up business or not?
Which of the following statement is not correct in relation to 'Franchise'?
Providing permission to use technical know how by parent organisation to another individual is known as ________.
By expanding network Franchising enables the franchiser to increase his --
1. Goodwill
2. Reputation
Select the correct answer from the option given below.
Franchising is___________.
The salient feature(s) of franchising is/are____________.
The individual or firm which grants right is called _________ (X). Whereas the individual or firm to whom the right is granted is called _________.(Y).
Select the correct answer from the options given below.
Where a firm allows another firm in a foreign market to use its technical know-how and trade mark, it is known as _________.
The right to use the business know-how and trade mark of the franchiser is for a ________period of time.
Which of the following can be treated as disadvantages of Franchising?
The Licensee pays to the Licensor, a sum of money called ________or using his business know-how and trade mark.
The word franchise is a ___________ word.
It is form of direct marketing where customers become distributors ________.
The term royalty is closely associated with ________________.
In line with a franchising agreement, a franchisee may use____________.
Advantages to a franchisor in a franchise are _____________________.
___________ is the corner stone of international franchising
The franchisee pays to the franchiser a sum off money called _______ for using his business know-how and trade mark.
The individual or firm which grants right is called_________.
Presently Industrial Licensing is not applicable for ___________.
The franchiser can expand his distribution system in the least possible time.
Franchising enables the franchiser to increase his ____________ by expanding his network.