1. When the same franchisee owns two different franchise brands at the same site, this is called _______franchising. 2. Assets against which there are no liens are referred to as _____ 3. Changing an independent small business into a franchise outlet is referred to as ________ franchising. 4. An arrangement where a franchisee has the right to sell franchises to others within a particular territory is called a _______ franchise. 5. The law that restricts national price setting is known as the federal ______Act.

6. In three or four sentences discuss your personality and skills explaining why you would (or would not) make a good franchisee. 7. Briefly explain the major advantages of buying a franchise over other start up methods.