Exam 1: Franchising: History and Overview

Which of the following industries provides the earliest and lasting example of franchising in the U.S.economy?

In the franchise industry,the person or business providing the rights to an individual for the local distribution and/or sales of a specified product or service is called the:

The business arrangement,otherwise called a franchise opportunity,has three major components that constitute the essence of what is generally referred to as a franchise.Which one of the following is not part of a franchise business arrangement?

The number of franchised business establishments has continued to growth in the U.S.Today there are approximately ( )franchise businesses in operation.

In 1979,the Federal Trade Commission established Rule 436.1,also known as the Franchise Disclosure Act,for the purpose of:

Probably the earliest example of franchising in the United States is most likely to be:

A dealer who distributes product from a product line supplied by a franchisor is considered to be engaged in:

Composite data about the franchise industry itself suggests which approach to franchising continues to experience strong growth:

The approach to be used by a franchisee in providing the franchisor's products or services to the customer is called:

A major reason for success of franchising is that the franchisor can use all of the following from the franchisee EXCEPT for the franchisee's: