Evening Education Series: History and Fundamentals of Franchising

Answer the following questions based on the educational sessions held at the Evening Education Series session: History and Fundamentals of Franchising for 300 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 or by phone at (647) 514-1195 for personalized guidance and assistance with completing your CFE journey.

1 / 10

When providing franchisee support, you should provide the same type of support to every franchisee regardless of experience, time in the system, success.

True

False

2 / 10

Every franchised location must look and operate identically

True

False

3 / 10

Which of the following are important factors to consider when selecting and awarding franchises to a franchisee candidate:

They are a good culture fit for the brand;

They have the required financial resources requisite for the investment and operation;

They have the experience, education, and/or certification required to operate the business;

All of the above

4 / 10

All initial and ongoing fees should be the same for all franchisees in the same brand.

True

False

5 / 10

Only certain types of businesses can be franchised.

True

False

6 / 10

Franchising is strictly a legal business structure and all decisions made for the franchise program need to focus solely on the legal requirements and regulations.

True

False

7 / 10

Are Brand Standards the same as Day-To-Day Control of the franchised location’s business?

Yes

No

8 / 10

The Singer Sewing Machine Company was the first franchisor in existence.

True

False

9 / 10

The purpose of the franchise model historically has been to be able to expand the reach of a brand or business across long distances while maintaining consistency and certain levels of control.

True

False

10 / 10

The expansion methods underlying the franchise business model were first used in the United States following WWII.

True

False

Your score is