1. Briefly explain why private equity has become important in franchising. . 2. (a) Define FDD (b) Which federal agency regulates these? 3. For 2 of the following, per the topic video, explain how they are "different" in international franchising: 7-Eleven, KFC, Marriott, Re-Max 4. Explain the difference between business format franchising and product franchising, 5. (a) List and explain two of the advantages of franchising (b) For one of these advantages explain why it might not actually be an advantage 6. List and explain two of the disadvantages of franchising. 7. Per Table 1.4, list two of the types of franchises 8. (a) List the range of investment dollars franchisees can expect to pay to buy into a franchise (b) Explain the potential problem with a franchise that has lower-end amounts required. 9. (a) List an advantage of investing in a franchise with a high initial franchise fee (b) What is the significant disadvantage (other than paying a higher fee) 10. You just walked into Dunkin or Arby's. List two of the items that you see that represent intellectual property. 11. (a) Explain why online-only training of new franchisees might be a bad idea. (b) List two other ways franchisors might conduct franchisee training 12. List two specific things you would be likely to find in a franchise operations manual. 13. You were watching a nationally televised game featuring a Boston sports team, and a Dunkin commercial was shown. Who paid a major portion for this commercial (remember, this answer is per the course outline)? 14. You are a startup franchisor. The course outline suggests you should not "overfocus on new franchisees" (a) Why would you be tempted to do this? (b) What you should do instead? 15. Briefy explain why "good" franchisee recruits will require support. 16. Explain the difference between "required" and "recommended" vendors. Explain why one of these is likely to bring in more revenues (at least in the short run) for the franchisor. 17. Explain how franchisees can be a source of competitive intelligence. 18. Explain who benefits more from exclusive or protected territories, the franchisor or the franchisee? 19. Explain how the franchisor help the franchisee in site selection. 20. List 2 inappropriate reasons why the franchisee might want to select a site that differs from the one the franchisor recommends. 21. List three types of fees franchisors charge franchisees. Explain why one of these types is especially important for long-run franchisor profitability. 22. List the range of term franchise contracts usually last. 23. I am a franchisee who is tired of being in this franchise. I want to sell the franchise, and I have a willing buyer. List a reason why this transaction might not be allowed by the franchisors (per course outline). 24. List and explain the first step in design thinking. 25. One of the steps in design thinking is means. 26. List two parts of a SWOT Dunkin might create relative to its position as a franchisor 27. List one fact for two factors of a Macro-environmental analysis of the coffee retailing industry (of which Dunkin would be a part) 28. In a differentiation strategy, explain what "expenses" are trying to do as part of the business model equation 29. List two of the typical objectives areas franchisors focus on., 30. Define what "domain range" means and why this is important for startup franchisors 31. List an advantage of a franchisor having more company-owned units (such as McDonald's); list an advantage of a franchisor only having one or a few company-owned units (like Moe's). 32. Explain why repeat customers are ideal. 33. List an advantage and a disadvantage of a startup franchisor having a "new" concept not previously in the marketplace (I.e, first mover) 34. List something that would be part of "operating expenses" in a franchisee income statement 35. Explain why in the context of cash flow analysis growing "too fast" is a problem 36. Explain why being a multi-unit franchisee is better than a single-unit franchisee (other than there would be more revenues or profit) 37. Discuss examples of two parts of the 4 P's that would be a specific concern for a fast-food franchisor (not the franchisee). 38. Referring to the 4P's, list two types of "prices" that a franchisor must consider. 39. You are a lawn care franchisor. Given an example of a type of business that might be a "national account" for the franchise. 40. Define the difference between a franchisee and a franchisor 41. List the decade that franchising greatly expanded in the United