Franchising

Franchising, advantages & Disadvantages, Parties. Businesses for which franchising work best have one or several(prenominal) of the following characteristics A good track record of profitability informality of duplication Detailed systems, processes and procedures A unique or crotchety concept long geographic appeal Relative loosening of operation Relatively inexpensive operation. Obligations of the parties from each one troupe to a immunity has several interests to protect. The franchisor is involved in securing aegis for the trademark, controlling the business concept and securing know-how. The franchisee is obligated to direct out(a) the suffices for which the trademark has been made owing(p) or famous. there is a great deal of standardization required. The browse of service has to bear the franchisors signs, logos and trademark in a prominent place. The uniforms worn by the staff of the franch isee have to be of a particular design and color. The service has to be in pact with the pattern followed by the franchisor in the boffo franchise operations. Thus, franchisees are not in full control of the business, as they would be in retailing.

A service can be successful if equipment and supplies are leveraged at a fair wrong from the franchisor or sources recommended by the franchisor. A coffee brew, for example, can be right away identified by the trademark if its raw materials arise from a particular supplier. If the franchisor requires purchase from his stores, it may come chthonian anti-trust statute law or equivale nt laws of other countries.[1] So similarly! the purchase of uniforms of personnel, signs, etc., as well as the franchise sites, if they are owned or controlled by the franchisor. The franchisee must carefully talk ground the license. He and the franchisor must develop a marketing or business plan. The fees must be fully disclosed and in that respect should not be any hidden fees. The start-up be and operative capital...If you want to get a full essay, say it on our website: BestEssayCheap.com

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