Franchising
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Franchising allows multiple business owners to share a single brand name, proven business model, and marketing and distribution system. The franchisor charges franchisees an upfront fee for the rights to use the brand name and trade marks. Franchising provides advantages like using a recognized brand name and leveraging existing supplier relationships, but costs may be higher than expected and all profits are usually shared with the franchisor.
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Franchising
- 1. Laura Stefan鱈a Guzm叩n 1520101016
- 2. Is a business model in which many different owners share a single brand name.
- 3. Franchising that allows a number of people to share: A successful A proven A brand method of Know marketing and identification doing How distribution business system
- 4. Franchisor Franchisee The franchisor usually The first function you charges the have in your new franchisee an upfront endeavor is as an franchise fee for the investor into your rights to do. business.
- 5. Advantages Disadvantages You can use a recognised brand Costs may be higher than you name and trade marks. expect. Financing the business may be easier. The franchisor might go out of business. Relationships with suppliers have All profits (a percentage of sales) already been established. are usually shared with the
- 6. 1. Subway (sandwiches and salads) 2. McDonalds 3. 7-eleven Inc. 4. Hampton Inns and suites (Midprice hotels) 5. Great clips (Hair salons) 6. H&R block (Tax preparate and now filing) 7. Dunkin Donuts
- 7. http://www.sofofa.cl/eventos/2004/9/2_jbliman_FRANCHISING_SOF OFA.pdf http://en.wikipedia.org/wiki/Franchising http://franchises.about.com/od/franchisebasics/a/franchisee-role.htm http://www.businesslink.gov.uk/bdotg/action/detail?itemId=10737914 08&type=RESOURCES http://franchises.about.com/od/franchisebasics/a/franchisee-role.htm