A franchise (or franchising) is a practice of distributing products or services that involves a franchisor, who establishes the brand’s trademark or trade name as well as a business system, and a franchisee, who pays a royalty and, in many cases, an initial fee for the right to do business under the franchisor’s name and system.
Topics in this chapter cover franchising myths, franchise ownership, myths, FFD, and Due Diligence.
Topics & Lessons
Each Below Topic Contains a Video Lesson and Helpful Downloadable Information
What Is A Franchise?
The FDD & Your Due Diligence
Why Own A Franchise?
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A franchise is a license to use the name and trademarks of a company. You can also use their business systems already established.CorrectIncorrect
FDD stands for ____ _____ _____, which are documents required by all franchisors who are trying to sell their concept.CorrectIncorrect
Franchising is exclusive to fast food and retail.CorrectIncorrect
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