Evening Education Series: Franchise Recruitment Essentials Evening Education Series: Franchise Recruitment Essentials Answer the following questions based on the educational content covered during the Evening Education Series workshop: Franchise Recruitment Essentials to earn 200 CFE Education Credits towards your program requirements. Please reach out to Mary MacDonald, Senior Manager, Education to discuss strategies to meet your CFE program requirements and inquire about adding credits for accredited educational programming from the past year. You can contact Mary MacDonald at mmacdonald@cfa.ca for personalized guidance and assistance with completing your CFE journey. 1 / 10 What are three motivating factors for people to buy a franchise? Self-Direction, Lifestyle and Income; One-Direction; Brand Security and Other; To be tall, rich and handsome; To learn something new while working longer hours. 2 / 10 What word best describes a potential franchisee? Lead Inquiry Punter Candidate 3 / 10 True or False: A Master Franchise is an arrangement in which the franchisor sells the franchises in that territory on behalf of the Master Franchisee? True False 4 / 10 What are the two types of Conversion Franchising? Internal and extrusion Internal and external Internal and expensive Internal and undecided 5 / 10 Which of the following statements is not true: Franchise royalties are unimportant in assessing a franchise offer A Disclosure Document must be provided at least 14 days before entering a franchise agreement Earnings claims must have a reasonable basis for substantiation Candidates shouldn’t waste their time and money getting legal advice before signing a franchise agreement 6 / 10 What are two common dimensions in which franchisees may compare different franchise offers? Fees and support North & South Time and space Investment cost and bank interest rate 7 / 10 Which of the following is not a recruitment incentive? Royalty holidays Vendor financing Investment discounts A police background check 8 / 10 Which is not definition of due diligence? The care a reasonable person should take before committing to a transaction The care an unreasonable person should take before committing to a transaction An assessment of the risks and opportunities of a proposed transaction d. Background research to determine the worthiness of an acquisition 9 / 10 What should a franchisee prepare before commencing their franchise? A projection of sales and expenses A marketing plan A cashflow forecast All of the above 10 / 10 Which of the following is not a method of setting a franchise recruitment budget? The Acquisition Cost method The Target Acquisition Cost method The Kaminsky Method The Proposed Activity method Your score is LinkedIn Facebook Twitter
