Benefits and costs of franchising

What are the costs and benefits of Franchising? DEFINITION Franchising - the word comes from the French and it performer rationalize, franchising is a method of doing occupation wherein a franchisor licenses trademarks and methods of doing business enterprise to a franchisee in exchange for a recurring royal family fee Franchising - A legal and commercial relationship surrounded by the owner of a trademark or trade wee (the Franchisor) and an individual or group who wants to use that identification in business (the franchisee). The Franchisor slackly provides business expertise and the franchisee provides a government agency for the overall business to grow. Franchise arrangements can be subdivided into twain categories: Business initialise and product/ trade name franchising chronicle 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 up to now it was controlled by occidental Union. Modern franchising emerged in the 1950s in fast foods restaurants heavens; the well-know McDonalds restaurants was the first and most globally successful. some(prenominal) retail sectors, curiously in the US, are now rule by franchising to the steer where independently-run operations are the exception sort of than the rule. As an example, the run around Clips Franchise organization whole opens company owned stores to mental testing new market concepts or ideas.

As a result, bl uster Clips owns very few of the over 200 fr! anchisee 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 spent at Canadian retail outlets were spent at franchise outlets, representing in excess or $90 zillion in sales. Just south of the border, over 3,400 franchisors were... I dont the deal the way its broken up into sections, especially the first get out is weird. make sure you site your quotes. If you want to get a full essay, order it on our website: OrderCustomPaper.com

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