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Franchising

Franchising

A. Precisely what is Franchising?

Franchising is the practice of procurment for a recommended period of time the right to use a business's successful business model and brand. �

B. Franchising agreement

Franchisor

Franchisee

Is the owner of trademark or perhaps trade name

Provides support:

(sometimes) financing

advertising and marketing

schooling

Receives fees

Uses trademark or perhaps trade identity

Expands business with franchisors support

Pays off fees

C. Sort of franchise

1 ) PRODUCT SYNDICATION

Product division franchises basically sell the franchisor's products and are supplier-dealer relationships. Ex lover: Coca soda

2 . ORGANIZATION FORMAT FRANCHISE

Business structure franchises not merely use a franchisor's product, support and trademark, but also the complete approach to conduct the organization itself, including the marketing strategy and functions manuals. Former mate: McDonald

G. What Are The Advantages And Disadvantages Of Owning A Operation a. Advantages

- " Owning a franchise allows you to enter into business for your self, but not yourself. ” - Increases the chance for business achievement

b. Disadvantage

-Must pay constant royalties and advertising costs

-Must be careful to balance constraints and support provided by the franchisor with the own capability to manage their very own business.

Franchising

E. What is Franchising?

Franchising is the practice of leasing for any prescribed time frame the right to make use of a firm's successful business model and brand. �

N. Franchising agreement

Franchisor

Franchisee

Owns hallmark or control name

Provides support:

(sometimes) financing

marketing and advertising

training

Receives fees

Uses hallmark or control name

Extends business with franchisors support

Pays service fees

G. Type of operation

3. MERCHANDISE DISTRIBUTION

Item distribution franchises simply promote the franchisor's products and happen to be supplier-dealer associations. Ex: Coca cola

5. BUSINESS STRUCTURE FRANCHISE

Organization format dispenses not only make use of a franchisor's product, service and trademark, nevertheless also the complete method to execute the business itself, such as the promoting plan and operations manuals. Ex: McDonald

H. Exactly what The Advantages And drawbacks Of Running a Franchise w. Advantages

-- " Running a franchise allows you to go into organization for yourself, but not by yourself. ” - Increases your chances of organization success

b. Disadvantage

-Must shell out ongoing royalties and promoting fees

-Must be careful to equilibrium restrictions and support given by the franchisor with their personal ability to take care of their business.

Franchising

I. Precisely what is Franchising?

Franchising is the practice of renting for a approved period of time the justification to use a firm's successful business model and brand. �

J. Franchising agreement

Franchisor

Franchisee

Possesses trademark or perhaps trade identity

Provides support:

(sometimes) auto financing

advertising and marketing

training

Receives service fees

Uses trademark or trade brand

Expands organization with franchisors support

Compensates fees

K. Kind of franchise

a few. PRODUCT DISTRIBUTION

Product syndication franchises simply sell the franchisor's products and are supplier-dealer relationships. Ex lover: Coca cola

6. ORGANIZATION FORMAT FRANCHISE

Business file format franchises not merely use a franchisor's product, support and trademark, but likewise the complete strategy to conduct the business itself, such as the marketing program and functions manuals. Ex: McDonald

L. What Are The benefits And Disadvantages Of Owning A Franchise c. Positive aspects

- " Owning a business allows you to enter business for yourself, but not on your own. ” -- Increases the chance for business achievement

w. Disadvantage

-Must pay constant royalties and advertising costs

-Must make sure balance limitations and support provided by the franchisor with their own ability to manage their very own business.

Franchising

Meters. What is Franchising...

28.08.2019

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