Advantages And Disadvantages Of A Franchise

Part I. Discuss three types of hotel ownerships and its advantages & disadvantages Park JaeHoon J12011310 Hotel Franchise The Definition of Franchise is -An authorization granted by a government or company -Individual or group -The right or license granted by a company to an individual or group to market its products or services in a specific territory. Than what is franchises Characteristics? First of franchises Characteristics is Simplest form of an agreement or license entered into by two parties

possible disadvantages to the aspiring inquirer. A franchise, by definition, is a binding, legal contract that enables the rights, marks, and other notable elements of a given brand, referred to as the franchisor, to be used by a second party – the franchisee (What is Franchising?, n.d.). Further expanding the opportunities available to new and veteran entrepreneurs is that franchises come in two distinctly different types: product-distribution franchises and business format franchises.

Even women are operating franchises they have found that they can spend more time with their family also. as well franchising has been able to locate establishment in urban areas also. as considering all of these huge of amount of women have motivated to work on that organizations. • Developing the economy of the country The economy is highly effected by the franchise industry. It is spread in every state and congressional district in the country

take on risks (Forbes, 2013, online). A franchise is an arrangement between the franchisor and franchisee where the franchisor will give the rights to the franchisee to use its trademark/trade-name and some business systems to produce and market a good or service. There are two types of franchises, one is product distribution is where the trademark and logo is provided although the business systems are not provided. Another type is a business format franchise is where the product and trademark is used

The Advantages and Disadvantages of Franchising in France 1 Running head: International Trade: Licensing and Franchising The Advantages and Disadvantages of Franchising in France Presented by: Deon E. Boswell Of Team McWorld University of Maryland University College AMBA606 November 4, 2005 The Advantages and Disadvantages of Franchising in France 2 Executive Summary The tremendous growth in franchising over the last decade can be traced directly to the explosion of growth in international

Introduction A franchise contract is a form of organization involving two independent firms with the aim of selling goods and services in a specific area ( “How to influence franchise contracts: the Spanish case”Alicia Garci’a- Herrera, Rafael Llorca-Vivero, 2009). Another resource- Business dictionary describes franchise agreement as a contract in which well-established business provide its brand, operational model and required support to another party in order to set up and run similar business

Advantages & Disadvantages of Franchising Franchising is ‘a continuing relationship in which the franchisor (the owner of a company) provides a licensed privilege to the franchisee (the buyer) to do business and offers assistance in organising, training, merchandising, marketing, and managing in return for a consideration. It is a form of business by which the franchisor of a product, service, or method obtains distribution through affiliated dealers (franchisees).’ (http://www.business.gov) A

Introduction This Literature review explains if a franchise is high or low risk way of entering into a market. It also explains whether a franchisee is suited for a certain franchise. Franchises can be seen all over the world, with everyone being introduced to them, as consumers, from a young age (Longenecker et al., 2011). Thomas and Seid (2000) agree with this and believes due to it, people think they understand a lot more about a franchise than they actually do, creating myths about the rate of

mary purpose of this project is to create the financial portion of a business plan for a startup business. An overview of the chosen business model will be provided with advantages and disadvantages of company-operated stores versus franchise businesses. Elements of the financial plan including a description of the financing model, financial projections, and a risk assessment will be presented. Finally, predicted rates of return on the investment will be provided based on investors’ contributions

purpose of this report is to show my understanding of why McDonald's adopted franchising. In the report I am going to explain franchise and explain its legal framework. Also the amount of control McDonalds actually has over the McDonald's outlets and where the outlets should be located. I will also evaluate if original decision to franchise was the correct one. My report will include: v where my information comes from and why; v an introduction that will give