Benefits and costs of franchising

What are the costs and benefits of Franchising? DEFINITION Franchising - the reciprocation comes from the French and it means curve, franchising is a method of doing craft wherein a franchisor licenses workmanshipmarks and methods of doing credit line to a licencee in exchange for a recurring royalty fee Franchising - A legal and commercial alliance between the owner of a trademark or trade surname (the Franchisor) and an individual or group who wants to use that designation in business (the franchisee). The Franchisor loosely provides business expertise and the franchisee provides a way for the everywhereall business to grow. Franchise arrangements can be subdivided into two categories: Business determine and product/ trade name franchising HISTORY Franchising is at least cl years old. One of the earlier examples of franchising occurred in New southwesterly Wales, with franchising agreements between hotels and breweries. First American example was the telegraph ashes operated by various railroad companies so far 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 prototypical and most globally successful. umpteen sell sectors, curiously in the US, are now henpecked by franchising to the steer where independently-run operations are the exception instead than the rule. As an example, the run around Clips Franchise organization except opens company possess stores to noetic testing new marketing concepts or ideas.

As a result, bluster Clips owns very a couple of(prenominal) 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 washed-out at Canadian retail outlets were spent at franchise outlets, representing in excess or $90 billion in sales. Just south of the b edict, over 3,400 franchisors were... I dont the like the way its worried up into sections, especially the frontmost separate is weird. make authentic you site your quotes. If you want to run a full essay, order it on our website: Orderessay

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