Question

6. Which of the following is often referred to as the franchisee's "bible? A. the franchisor's business plan B. the franchising agreement or contract C. the PERT chart D. the operations manual 7. The most important section of the business plan is: A. The Management Segment B. The Executive Summary C. The Marketing Segment D. The Legal Requirements I 8. In urban areas, approximately how much of a store's business is done by people who live or work within a five-minute drive or walk of the location? A half B. two thirds C. one third D. one fourth 9. The two main reasons for failure in business are: A lack of capital and poorly chosen location B. poorly chosen location and inadequate business plan C. poor management and lack of capital D. inadequate business plan and poor management 10. Which of the following is Untrue about the policies and procedures of a franchise system? A procedures are essentially set in stone.

Answer 1

Answer for the first question is The operational Manual As it is referred as a franchise bible and act as guidebook for many new franchisee entrepreneurs who are interested to start the franchisee business. Franchisee bible is the road map to franchisee success. It contains a well organized and communicated franchise tool available.This is an easy to use reference guide which highlights the legal,financial,and structural details to consider before taking the important first step.