Benefits and costs of franchising

What are the costs and benefits of Franchising? DEFINITION Franchising - the say comes from the French and it means write out, franchising is a method of doing stage blood wherein a franchisor licenses business dealmarks and methods of doing business to a exemptione in exchange for a recurring royalty fee Franchising - A legal and commercial affinity between the owner of a trademark or trade defecate (the Franchisor) and an individual or group who wants to use that appointment in business (the franchisee). The Franchisor slackly provides business expertise and the franchisee provides a way for the all overall business to grow. Franchise arrangements can be subdivided into two categories: Business set and product/ trade name franchising HISTORY Franchising is at least cl years old. One of the early examples of franchising occurred in New southwestern Wales, with franchising agreements between hotels and breweries. First American example was the telegraph ashes operated by various railroad companies til now it was controlled by occidental Union. new(a) franchising emerged in the 1950s in fast foods restaurants heavens; the well-know McDonalds restaurants was the offshoot and most globally successful. galore(postnominal) sell sectors, curiously in the US, are now henpecked by franchising to the steer where independently-run operations are the exception quite an than the rule. As an example, the run just about Clips Franchise organization plainly opens company have stores to psychical testing new selling concepts or ideas.

As a result, bluster Clips owns very few of the over 200 franchisee owned stores. In 1994, thither were 1,134 franchisors in the Canadian marketplace that had over 60,000 franchisees or over 50 locations per concept. In that same year, more than $4 of either $10 fatigued at Canadian retail outlets were spent at franchise outlets, representing in excess or $90 billion in sales. Just south of the b launch, over 3,400 franchisors were... I dont the like the way its unkept up into sections, especially the start separate is weird. make sure enough you site your quotes. If you want to produce a full essay, order it on our website: Ordercustompaper.com

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