An overview of a fourth form of business organization, a Franchise, (1 Paragraph)1. Introduce what a franchise is2. Give an example of a franchise that exists in Canada (i.e. Tim Hortons, Loblaws,etc.)3.Explain how that specific franchise operates (what does it cost to create one,what process needs to be conducted, is there any profit sharing, i.e. do we need to pay a % of profits to the franchisor.)4. What are some regulations they need to follow (LIST 1 or 2, you don’t need all the regulations) [example, do all Tim Horton’s need the same recipe for donuts? Do they need the same kitchen layout?) Please INCLUDE CITATIONS
An overview of a fourth form of business organization, a Franchise, (1 Paragraph)1. Introduce what a franchise is2. Give an example of a franchise that exists in Canada (i.e. Tim Hortons, Loblaws,etc.)3.Explain how that specific franchise operates (what does it cost to create one,what process needs to be conducted, is there any profit sharing, i.e. do we need to pay a % of profits to the franchisor.)4. What are some regulations they need to follow (LIST 1 or 2, you don’t need all the regulations) [example, do all Tim Horton’s need the same recipe for donuts? Do they need the same kitchen layout?) Please INCLUDE CITATIONS
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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An overview of a fourth form of business organization, a Franchise, (1 Paragraph)
1. Introduce what a franchise is
2. Give an example of a franchise that exists in Canada (i.e. Tim Hortons, Loblaws,
etc.)
3.Explain how that specific franchise operates (what does it cost to create one,
what process needs to be conducted, is there any profit sharing, i.e. do we need to pay a % of profits to the franchisor.)
4. What are some regulations they need to follow (LIST 1 or 2, you don’t need all the regulations) [example, do all Tim Horton’s need the same recipe for donuts? Do they need the same kitchen layout?)
Please INCLUDE CITATIONS
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