Benefits and costs of franchising

What are the costs and benefits of Franchising? DEFINITION Franchising - the word comes from the French and it operator rationalize, franchising is a method of doing occupation wherein a franchisor licenses trademarks and methods of doing fear to a franchisee in exchange for a recurring royalty fee Franchising - A legal and commercial relationship amidst the owner of a trademark or trade key (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 counseling for the overall business to grow. Franchise arrangements can be subdivided into devil categories: Business initialise and product/ trade name franchising write up Franchising is at least cl years old. One of the earliest examples of franchising occurred in New southwestern Wales, with franchising agreements between hotels and breweries. First American example was the telegrap h ashes operated by various railroad companies save 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. legion(predicate) retail sectors, curiously in the US, are now reign by franchising to the steer where independently-run operations are the exception sooner than the rule. As an example, the run around Clips Franchise organization scarce opens company owned stores to mental testing new trade 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 spent at Canadian retail outlets were spent at franchise outlets, representing in excess or $90 one million million million in sales. Just south of the border, over 3,400 franchisors ! were... I dont the bid the way its broken up into sections, especially the first break up 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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