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Definitions
Definitions 2
Random Franchise
Music
Tie Breaker
100

a business whereby the owner licenses its operations—along with its products, branding, and knowledge—in exchange for a fee

Franchise

100

is a regular payment made to the franchisor on a yearly, monthly, weekly, or daily basis by the franchisee.

 Royalty Fee

100
Mr. T owns the license to Mr. T's Baked Chicken and More. He sells the operation in exchange for a fee. What does he own?

Franchise

100

This is the process that which the music industry or artist makes recorded music available to consumers

Distribution

100

business is one in the same as the owner

sole proprietorship 

200

is the owner of the franchise brand and business system. 

Franchisor

200

 the way a brand tell their users how they feel about their message.

Tone

200

Lily and Reggie bought the license to Mr. T's Baked Chicken and More. What are they?

Franchisees 
200

CDs, Cassette Tapes, and Vinyl are an example of what type of music distribution?

Physical Distribution

200

business with two or more owners

general partnership 

300

is a person or group who licenses the right to carry out business under a particular franchise trademark.

 Franchisee

300

Refers to the pictures that social media franchises post online

Images

300

Mr. T sold the license to Mr. T's Baked Chicken and More to Lily and Reggie. What is he called?

Franchisor

300

Apple Music, Spotify, Pandora are examples of what types of music distribution

Digital Distribution

300

advantages of a Sole P

owner control business 

the simplest form of ownership 

lowest cost to form

400

is the money required for a franchisee to open, setup, and operate a franchise business in a particular location for 3 months or more.

 Initial Investment

400

refers to how franchises respond to customers or other users on social media

Responses

400

This restaurant has the most franchise locations in the world

Subway

400

BMI, ASCAP, SESAC are entities that collect royalties on behalf of their clients

Performing Rights Organizations or PROs 
400

advantage of Gp

more cash 

new perspective

bridging the gap of knowledge and expertise 


500

is the fee that needs to be paid to the franchisor immediately after signing the franchise agreement.

 Franchise Fee

500

anything that someone has posted or shared with others.

Content

500

Name a Benefit a Franchise

  • Reduced Risk
  • Brand Awareness
  • Corporate Support
  • Franchisor buying power with suppliers.
  • Increased profitability from a trusted brand.
500

This is a platform that TikTok created that allows music artist to directly upload their music so that users can use them on the TikTok app along with Apple Music and Spotify

SoundOn

500

What is are some factors for a legal structure?

management taxation expense formality liability and risks