1) Annual turnover a) Report of a company financial situation at the discount amount b) Occupation, also, task, mision, a commercial or industrial enterprise; also a trade 2) Advantages a) A condition or situation that causes problems, especially one that causes something or someone to be less successful than other things or people b) A favorable position, circumstance, or benefit 3) Business a) Occupation, also, task, mision, a commercial or industrial enterprise; also a trade b) One that grants of franchise 4) Borrow a) A legally binding contract between a franchisor and a franchisee outlining the terms and conditions of their business relationship. b) To use money from someone for a time 5) Background a) Refers to the initial, one-time payment a franchisee makes to the franchisor, granting them the right to operate under the franchisor´s brand and business system. b) A way for the franchisor to ensure that the franchisee meets the brand´s standard and is financially responsible. 6) Disadvantages a) A condition or situation that causes problems, especially one that causes something or someone to be less successful than other things or people b) Situation where a company is owned by private shareholders. 7) Franchisor a) One that grants of franchise b) One granted a franchise c) A right or license granted to an individual or group; a constitutional or statutory right or privilege; the right of membership in a professional sports league also: a team having such membership. 8) Franchisee a) A right or license granted to an individual or group; a constitutional or statutory right or privilege; the right of membership in a professional sports league also: a team having such membership. b) One granted a franchise c) One granted a franchise d) Charge paid to the mutual fund to cover the costs. 9) Franchise a) A right or license granted to an individual or group; a constitutional or statutory right or privilege; the right of membership in a professional sports league also: a team having such membership. b) One that grants of franchise c) One granted a franchise 10) Franchise agreement a) Refers to the initial, one-time payment a franchisee makes to the franchisor, granting them the right to operate under the franchisor´s brand and business system. b) A legally binding contract between a franchisor and a franchisee outlining the terms and conditions of their business relationship. 11) Franchise fee a) Charge paid to the mutual fund to cover the costs. b) Is a one-time payment made by a franchisee to the franchisor for the right to operate a franchise. 12) Front and fee a) Refers to the money a company needs to grow its operations, increase its profits, or acquire new assets. b) Refers to the initial, one-time payment a franchisee makes to the franchisor, granting them the right to operate under the franchisor´s brand and business system. 13) Large amounts of capital to expand a) Refers to the money a company needs to grow its operations, increase its profits, or acquire new assets. b) Head or a department in company c) A legally binding contract between a franchisor and a franchisee outlining the terms and conditions of their business relationship. 14) Management services fee a) A legally binding contract between a franchisor and a franchisee outlining the terms and conditions of their business relationship. b) Charge paid to the mutual fund to cover the costs. 15) Managing Personnel a) Head or a department in company b) That a franchisee must follow when operating a business under the franchisor's brand 16) Master franchisee a) A business agreement where a company grants another party the right to operate multiple franchise locations in a specific area. b) Refers to the products and services that are used to run the business 17) Marketing cost a) Cost or selling a product including advertising packaging. b) Money received 18) Royalty a) Money paid to an inventor write or the owner for the right to use his property b) This fee is a one-time payment to the franchisor that gives the franchisee the right to operate the franchise. 19) Revenue a) A favorable position, circumstance, or benefit b) Money received 20) Recruiting a) Charge paid to the mutual fund to cover the costs. b) The process of finding and hiring people for a job or position. It includes the entire hiring process, from finding candidates to onboarding them. 21) Sources a) A thing or place that something comes from, or the cause of something b) A person who owns shares in a company and therefore gets part of the company's profits and the right to vote on how the company is controlled 22) Supplies a) Refers to the products and services that are used to run the business b) Refers to the initial, one-time payment a franchisee makes to the franchisor, granting them the right to operate under the franchisor´s brand and business system. 23) Shareholders a) One that grants of franchise b) A person who owns shares in a company and therefore gets part of the company's profits and the right to vote on how the company is controlled 24) Successful a) To achieve a desired result, or to have wealth, fame or respect. b) A thing or place that something comes from, or the cause of something 25) The franchisee pays an initial sum of money a) This fee is a one-time payment to the franchisor that gives the franchisee the right to operate the franchise. b) Situation where a company is owned by private shareholders. 26) The franchisee also has to find the necessary capital to open the business a) A way for the franchisor to ensure that the franchisee meets the brand´s standard and is financially responsible. b) The franchisee must secure the funds needed for initial costs like franchise fees, start-up expenses, and ongoing operational cost. 27) The franchisor’s established system a) That a franchisee must follow when operating a business under the franchisor's brand b) A legally binding contract between a franchisor and a franchisee outlining the terms and conditions of their business relationship. 28) Trademark a) A thing or place that something comes from, or the cause of something b) Particular name design 29) Terms and agreement a) Are a legal document that outlines the rights and responsibilities of two or more parties. b) A condition or situation that causes problems, especially one that causes something or someone to be less successful than other things or people 30) Ownership a) Occupation, also, task, mision, a commercial or industrial enterprise; also a trade b) Situation where a company is owned by private shareholders.

UNIT 2. FRANCHISE

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