Franchising, Outsourcing, and Leasing (Grade 11 NSC Matric Business Studies): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What is franchising?
What is franchising?
Paying to use another company's brand name
What are royalties in franchising?
What are royalties in franchising?
Ongoing payments as % of sales
Which is an advantage of franchising?
Which is an advantage of franchising?
Instant brand recognition
What is a major disadvantage of franchising?
What is a major disadvantage of franchising?
Limited control over operations
What does outsourcing mean?
What does outsourcing mean?
Hiring external firms for tasks
What is cyclical demand?
What is cyclical demand?
Needs changing based on predictable patterns
What is a key advantage of outsourcing?
What is a key advantage of outsourcing?
Focus on core business activities
Which is a major risk of outsourcing?
Which is a major risk of outsourcing?
Loss of management control
Who is the lessee in a leasing agreement?
Who is the lessee in a leasing agreement?
Person/business renting the asset
What is a key disadvantage of leasing?
What is a key disadvantage of leasing?
No ownership of the asset