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
.
A
7
Q
.
A
8
Q
.
A
9
Q
.
A
10
Q
.
A
11
Q
.
A
12
Q
.
A
13
Q
.
A
14
Q
.
A
15
Q
.
A
16
Q
.
A
17
Q
.
A
18
Q
.
A
19
Q
.
A
20
Q
.
A
21
Q
.
A
22
Q
.
A
23
Q
.
A
24
Q
.
A
25
Q
.
A
