Franchising

Franchising, advantages & Disadvantages, Parties. Businesses for which franchising work best engage whizz or several(prenominal) of the following(a) characteristics A good tip record of profitability simplicity of duplication small systems, processes and procedures A unique or unusual concept long geographical appeal Relative ease of operation comparatively inexpensive operation. Obligations of the parties from each one party to a electric resistance has several interests to protect. The franchisor is involved in securing protection for the earmark, controlling the stemma concept and securing know-how. The licencee is obligated to straight out the services for which the trademark has been made prominent or famous. There is a immense deal of standardization required. The set out of service has to bear the franchisors signs, boy and trademark in a prominent place. The uniforms worn by the staff of the franchisee have to be of a particular invention and color. The service has to be in accordance with the pattern followed by the franchisor in the successful franchise operations. Thus, franchisees argon not in undecomposed control of the business, as they would be in retailing.

A service can be successful if equipment and supplies argon corruptd at a fair handle from the franchisor or sources recommended by the franchisor. A coffee brew, for example, can be readily identified by the trademark if its raw materials rise up from a particular supplier. If the franchisor requires purchase from his stores, it may come chthonian anti-trust legislation or resembling laws of other countries.[1] So in like manner the purchase of uniforms of personnel, signs, etc., as rise up as the franchise sites, if they are owned or controlled by the franchisor. The franchisee essentialiness carefully twaddle terms the license. He and the franchisor must develop a merchandise or business plan. The fees must be fully tell and in that respect should not be any enigmatical fees. The start-up costs and operative capital...If you lack to get a full essay, order it on our website: Orderessay

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