Tag: franchising

Questions Related to franchising

The individual or firm which grants right is called_________.

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

  1. Franchisee

  2. Franchiser

  3. Consignor

  4. Consignee

Show answer
Correct Option: B
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.

Presently Industrial Licensing is not applicable for ___________.

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

  1. Ship Building

  2. Hazardous Chemicals

  3. Cigarettes

  4. Electronic Aerospace and Defence Equipment

Show answer
Correct Option: A
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.

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

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

  1. True

  2. False

  3. Partly true

  4. None of the above

Show answer
Correct Option: A
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.

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

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

  1. Goodwill

  2. Reputation

  3. Both (a) and (b)

  4. Neither (a) nor (b)

Show answer
Correct Option: C
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.

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

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

  1. patent and copyright related services

  2. other legal research functions

  3. business intelligence and analytics

  4. all of the above

Show answer
Correct Option: D
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.

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

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

  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

Show answer
Correct Option: D
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.

_________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.

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

  1. Business process outsourcing (BPO)

  2. Knowledge process outsourcing (KPO)

  3. Franchising

  4. Licensing

Show answer
Correct Option: B
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. 

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

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

  1. Wholesaling

  2. Business process outsourcing (BPO)

  3. Franchising

  4. Joint venture

Show answer
Correct Option: B
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. 

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

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

  1. offshore vendors

  2. nearshore vendors

  3. onshore vendors

  4. all of the above

Show answer
Correct Option: D
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. 

BPO services include ________.

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

  1. payroll

  2. human resources

  3. accounting and customer/call center relations

  4. all of the above

Show answer
Correct Option: D
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