Grade 11 Business Studies Franchising Essay - Joomlaxe.com.
This is the most common form of franchising. A true business format franchise occurs when the owner of a business (the franchisor) grants a licence to another person or business (the franchisee) to use their business idea - often in a specific geographical area.
Similar to a dealership, but with more emphasis in franchising, particularly where the franchise agreement is long-term, the Franchisee will have an attitude of being a business owner (not merely dealing with one product line among many) and is more likely to devote time, attention and capital to growing the business, following.
Also in his view, Sherman,( 2003,p 411), points out to what has made franchising so popular in the U.S. and globally as a business development and expansion strategy, from the franchisors view, franchising represents an efficient method of rapid market penetration and product distribution, without the typical capital costs associated with internal expansion.On the other hand, from the.
Business Studies Name Course Professor Institution Date of Submission: Business Studies Introduction An organizational structure can be described as a hierarchical arrangement of lines of power, channels of communication, rights, and obligations in a business (Shtub and Karni, 2009).
Radio 1’s DJ Greg James explores the franchise business model while at the Reading Festival. Walls ice cream vans are used as a relevant and well-known example to discuss both the advantages and.
Revision Quiz - Franchising. Jim Riley 12th May 2012.. This updated revision quiz provides questions on franchises and franchising. Each time you take the quiz, 10 questions are drawn at random from the database of revision questions about franchising.. Subscribe to email updates from the tutor2u Business. Join 1000s of fellow Business.
Franchising is an arrangement where franchisor (one party) grants or licenses some rights and authorities to franchisee (another party). Franchising is a well-known marketing strategy for business expansion. A contractual agreement takes place between Franchisor and Franchisee. Franchisor authorizes franchisee to sell their products, goods, services and give rights to use their trademark and.