Tag: franchising

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Questions Related to franchising

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

The individual or firm which grants right is called_________.

  1. Franchisee

  2. Franchiser

  3. Consignor

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

A franchisor is a person or company that grants the license to a third party for the conducting of a business under the franchisor's marks. The franchisor owns the overall rights and trademarks of the company and allows its franchisees to use these rights and trademarks to do business.

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

Presently Industrial Licensing is not applicable for ___________.

  1. Ship Building

  2. Hazardous Chemicals

  3. Cigarettes

  4. Electronic Aerospace and Defence Equipment
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

It normally takes place in a specialized facility known as a shipyard. Ship builders, also called shipwrights, follow a specialized occupation that traces its roots to before recorded history.

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

The franchiser can expand his distribution system in the least possible time.

  1. True

  2. False

  3. Partly true

  4. None of the above
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Franchising is based on a marketing concept which can be adopted by an organization as a strategy for business expansion. Where implemented, a franchiser licenses its know-how, procedures, intellectual property, use of its business model, brand; and rights to sell its branded products and services to a franchisee.

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

Franchising enables the franchiser to increase his ____________ by expanding his network.

  1. Goodwill

  2. Reputation

  3. Both (a) and (b)

  4. Neither (a) nor (b)
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

 franchising the business, the franchisor places the expansion of his/her business in the hands of people who are motivated to make it work.

Multiple choice organization of commerce and management employment opportunities in commerce franchising outsourcing and franchising employment opportunities in insurance sector and capital market

KPO is envisaged as having a high potential in sectors viz _______.

  1. patent and copyright related services

  2. other legal research functions

  3. business intelligence and analytics

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

Knowledge process outsourcing (KPO) is a form of outsourcing where Knowledge-related and information-related data is carried out by the workers of the contractual companies ( often the third party) or by a subsidiary of the same organisation. 

This form of outsourcing is best suited for the following sectors: 
1. Patent and copyright related services 
2. Legal research functions 
3. Business intelligence and analytics.

Multiple choice organization of commerce and management employment opportunities in commerce franchising outsourcing and franchising employment opportunities in insurance sector and capital market

What is/are the advantage(s) of BPO?

  1. Business process speed and efficiency are enhanced.

  2. Organizational growth increases when capital resource and asset expenditures are not required.

  3. Employees may invest more time in core business strategies

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

Business process outsourcing is a form of business where a company sets contract with an outside third party company for the completion of a non primary business task through electronic process in exchange of a certain amount of payment for the third party.

 The advantages of these business are that they promotes effective use of supply chain partners, Increases flexibility in resource management, increases the speed of business process and enhances the efficiency of employees in formulating business strategies.

Multiple choice organization of commerce and management employment opportunities in commerce franchising outsourcing and franchising employment opportunities in insurance sector and capital market

_________is a form of outsourcing, in which knowledge-related and information-related work is carried out by workers in a different company or by a subsidiary of the same organization.

  1. Business process outsourcing (BPO)

  2. Knowledge process outsourcing (KPO)

  3. Franchising

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

Knowledge process outsourcing (KPO) is a form of outsourcing where Knowledge-related and information-related data is carried out by the workers of the contractual companies ( often the third party) or by a subsidiary of the same organisation. 

Multiple choice organization of commerce and management employment opportunities in commerce franchising outsourcing and franchising employment opportunities in insurance sector and capital market

_____ is the contracting of non-primary business activities and functions to a third-party provider.

  1. Wholesaling

  2. Business process outsourcing (BPO)

  3. Franchising

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

Business process outsourcing is a form of business where a company sets contract with an outside third party company for the completion of a non primary business task through electronic process in exchange of a certain amount of payment for the third party. 

Multiple choice organization of commerce and management employment opportunities in commerce franchising outsourcing and franchising employment opportunities in insurance sector and capital market

A business can achieve total process optimization by combining the _____ categories.

  1. offshore vendors

  2. nearshore vendors

  3. onshore vendors

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

A business can achieve total process optimization if its all the vendors including offshore, nearshore and onshore are combined together for the efficiency in business activities. 

Multiple choice organization of commerce and management employment opportunities in commerce franchising outsourcing and franchising employment opportunities in insurance sector and capital market

BPO services include ________.

  1. payroll

  2. human resources

  3. accounting and customer/call center relations

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

Business process outsourcing is a form of business where a company sets contract with an outside third party company for the completion of a non primary business task through electronic process in exchange of a certain amount of payment for the third party.

The services provided by BPO includes:

1. Payroll often regarded as billing services 

2. Human resources where human resource are used for productive purpose 

3. Accounting and customer call centers often regarded as tech support