Which of the following is NOT a characteristic of a franchise?Independent operationPayment of royaltiesOperating under a franchisor's trade nameFollowing a franchisor's operational guidelines

Which of the following is NOT true regarding franchising?

Which of the following is NOT true regarding franchising?Group of answer choicesFranchising is not a very effective entry mode for the service industryFranchising involves utilizing a license to gain access to knowhow, technology, and brand name in return for royaltiesFranchising may produce a viable competitor in the franchiseeAll of the above are true. PreviousNext

What is the main advantage of a franchise as a form of business ownership?Complete autonomyGuaranteed successEstablished brand and operational supportNo initial investment required

Which of the following statements is true of franchising?Multiple ChoiceA franchisee does not receive accounting support from the franchiser.An individual only acquires the rights to a name and not the rights to methods of operation.An individual experiences the most freedom in this form of business ownership.A franchisee often receives building specifications and designs from the franchiser.A franchisee receives cash payments from the franchiser on a monthly basis.

Which one of the following in NOT an advantage of a franchise? Group of answer choices A. Training and management assistance B. Personal ownership C. Nationally recognised name D. High royalties to be paid