November mock revision Flashcards
1
Q
What is the definition of franchising?
A
where the owner of a business licenses its operationsalong with its products, branding, and knowledge—in exchange for a franchise fee.
2
Q
One advantage of franchising
A
Lower level of risk for the business owner
3
Q
One disadvantage of franchising
A
Less control over brand image/ reputation
4
Q
Formula for ROCE
A
Nwt profit / capital employed x 100
5
Q
Definition of window dressing
A
The manipulation of a business’ financial accounts to improve the appearance of its performance
6
Q
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7
Q
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8
Q
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Q
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10
Q
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11
Q
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Q
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15
Q
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