Tag: employment opportunities in commerce

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Questions Related to employment opportunities in commerce

Multiple choice commerce emerging service business in india franchising outsourcing and franchising recent trends of business employment opportunities in commerce

Payment of _________ on a regular basis is to be made to the franchiser.

  1. profits

  2. royalty

  3. fees

  4. all of the above
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The payment of royalty is the payment made by the franchisee to the franchiser in a regular basis for him to let the franchisee run a business with his established goodwill, trademark and processes.

Multiple choice commerce emerging service business in india franchising outsourcing and franchising recent trends of business employment opportunities in commerce

If not maintained properly, trade secrets can get divulged to others in the foreign markets. This is a disadvantage of ______.

  1. BPO

  2. KPO

  3. Franchising

  4. Joint Venture
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Disadvantages of franchising. Costs may be higher than you expect. As well as the initial costs of buying the franchise, you pay continuing management service fees and you may have to agree to buy products from the franchisor. The franchise agreement usually includes restrictions on how you can run the business.

Multiple choice commerce emerging service business in india franchising outsourcing and franchising recent trends of business employment opportunities in commerce

Which type of Privatisation is common in utility services and transport?

  1. Reprivatisation

  2. Franchising

  3. Contracting

  4. Divestiture
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Franchising is a common form of privatization in utility and transport services, where a private entity is granted the right to operate a service for a specific period.

Multiple choice commerce emerging service business in india franchising outsourcing and franchising recent trends of business employment opportunities in commerce

Compared to licensing, franchising is a more advantageous entry mode because __________.

  1. it generates economies of scale in marketing to international customers

  2. it is low-risk and low-cost

  3. it offers greater control

  4. all of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Franchising is a more advantageous entry mode as it helps in expansion of business and also generates economies of scale and also offers greater control to an organisation at a low risk and at low cost.

Multiple choice commerce emerging service business in india franchising outsourcing and franchising recent trends of business employment opportunities in commerce

Franchiser helps the franchisee on setting up business or not?

  1. Yes

  2. No

  3. Partly yes

  4. Can't say
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Yes, franchiser helps the franchisee on setting up a business as it provides know-how, training to the franchisee regarding its business and also give him the rights to sell its products in the market.

Multiple choice commerce emerging service business in india franchising outsourcing and franchising recent trends of business employment opportunities in commerce

Which of the following statement is not correct in relation to 'Franchise'? 

  1. Franchising is the practice to use the another firm's successful business model.

  2. It is the business relationship between two organisations where a franchiser, who is the owner of a brand name, product or system of a business, permits a franchisee to use its brand, product or business process for a free.

  3. The franchisor provides training and continuous assistance to the franchisee.

  4. Franchiser shares all business and trade secrete with franchisee.
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation
  • Franchising is a “form of licensing in which a parent company (the franchisor) grants another independent entity (the franchisee) the right to do business in a prescribed manner. This right can take the form of selling the franchisers products, ‘using its name, production and marketing technique, or general business approach.” Donald W. Hackett
  • Franchising is the practice to use the another firm's successful business model.
  • The franchiser provides training and continuous assistance to the franchisee.
  • Franchiser need not share all business and trade secrete with franchisee.
Multiple choice commerce emerging service business in india franchising outsourcing and franchising recent trends of business employment opportunities in commerce

Providing permission to use technical know how by parent organisation to another individual is known as ________.

  1. dealership

  2. marketing

  3. agency

  4. franchising
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Franchising is a form of business by which the owner (franchisor) of a product, service or method obtains distribution through affiliated dealers franchisees. If buying an existing business doesn't sound right for you but starting from scratch sounds a bit intimidating, you could be suited for franchise ownership.

Multiple choice commerce emerging service business in india franchising outsourcing and franchising recent trends of business employment opportunities in commerce

By expanding network Franchising enables the franchiser to increase his -- 
1. Goodwill
2. Reputation
Select the correct answer from the option given below.

  1. Neither 1 nor 2

  2. 2 only

  3. Both 1 and 2

  4. 1 only
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Franchising is a method of expansion for an established and successful business looking to grow a network. It can also help businesses to expand both nationally or internationally, strengthen the brand and reach of a company and act as a good method of securing its future but only if it's done well.