Quiz For How We Make Money Training Module
9 Questions
| Total Attempts: 217
This quiz must be completed prior to accessing the next pre-training module.
Questions and Answers
- 1.Club Z! franchisees earn the difference between what they charge families for tutoring and what they pay their tutors (plus operational expenses). True or False?
- A.
True
- B.
False
- 2.Club Z! franchisees typically derive revenue from which of the following source(s):
- A.
Prek-12 academic tutoring using classroom curriculum
- B.
Proprietary curriculum and test prep services
- C.
Registration fees
- D.
All of the above
- 3.Proprietary and test prep programs have higher profit margins than traditional tutoring. True or false?
- A.
True
- B.
False
- 4.Club Z! franchisees that offer proprietary curriculum and test prep programs have 100-200% higher revenue than franchisees who do not. True or false?
- A.
True
- B.
False
- 5.Which of the following is NOT a standard way of increasing revenue in the Club Z! business model:
- A.
Add more clients
- B.
Increase the number of hours of tutoring per student per month
- C.
Sell Club Z!'s proprietary curriculum & test prep programs
- D.
Sell memberships
- 6.The target gross profit margin for a Club Z! franchisee in its first year of business is:
- A.
44-48%
- B.
25-35%
- C.
15-30%
- D.
18-36%
- 7.The target net profit margin for a Club Z! franchisee in its first year of business is:
- A.
44-48%
- B.
25-35%
- C.
15-30%
- D.
18-36%
- 8.Tutor expense should be no more than 45% of what you charge your families for tutoring. True or false?
- A.
True
- B.
False
- 9.Registration fees for new franchisees typically fall within what range?
- A.
$10-20
- B.
$25-50
- C.
$50-75
- D.
Club Z! franchisees do not charge a registration fee
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