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Exam 4: Franchises and Buyouts

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Question 31

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Match: a.due diligence b.fair market value c.franchise d.franchise contract e.Franchise Disclosure Document f.Franchise Rule g.franchisee h.franchisor -A detailed statement that provides the accepted format for satisfying the franchise disclosure requirements of the FTC

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Question 32

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Briefly compare and contrast "product and trade name franchising" with "business format franchising."

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When engaged in "product and trade name ...

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Question 33

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McDonald's corporation helps select the location for a new restaurant and provides financial assistance,training,marketing,and products.McDonald's engages in:

A disadvantage of franchising is

Edmond is negotiating to purchase an existing business.One provision he should write into the sale contract is:

Match: a.co-branding b.master licensee c.multibrand franchising d.multiple-unit ownership e.noncompete clause f.non-disclosure agreement g.piggyback franchising h.product and trade name franchising -The operation of several franchise organizations within a single corporate structure

Match: a.due diligence b.fair market value c.franchise d.franchise contract e.Franchise Disclosure Document f.Franchise Rule g.franchisee h.franchisor -The price at which the property would change hands between a willing buyer and willing seller,with both parties having reasonable knowledge of relevant facts

Union contracts are among the many _____ factors in valuing a business.

Match: a.due diligence b.fair market value c.franchise d.franchise contract e.Franchise Disclosure Document f.Franchise Rule g.franchisee h.franchisor -Actions by franchisors to void the contracts of franchisees in order to sell the franchise to someone else and collect an additional fee

Susan is considering buying the local franchisee of Pots-R-Us.The owners would probably state this reason for selling when in actuality the other three reasons may be more likely.

Why is it important for a new franchisee to follow the business plan detailed in the operations manual?

Identify and discuss some of the negative aspects associated with franchises.

A franchise is able to control costs because:

When Konrad purchased his business,he purchased it as a total entity.As a result,

Match: a.co-branding b.master licensee c.multibrand franchising d.multiple-unit ownership e.noncompete clause f.non-disclosure agreement g.piggyback franchising h.product and trade name franchising -A provision in a franchise contract prohibiting the franchisee from severing the relationship and becoming a competitor

JKL Corporation grants another party the right to conduct business according to specified methods and terms.JKL is a:

One of the benefits of a franchise agreement for the franchisee is that the franchisor is solely responsible for advert​ising the franchise.

Abner signed a contract allowing him to use Brian's business model and sell products approved by Brian.Abner is:

The Franchise Registry maintained by the U.S.Small Business Administration

Before making an offer for a business,Garland will want to