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Foundations of Business - Standalo...

4th Edition
William M. Pride + 2 others
ISBN: 9781285193946

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BuyFindarrow_forward

Foundations of Business - Standalo...

4th Edition
William M. Pride + 2 others
ISBN: 9781285193946
Textbook Problem

What does the franchisor receive in a franchising agreement? What does the franchisee receive? What does each provide?

Summary Introduction

To determine: What the franchisor and franchisee receive in the franchising agreement.

Introduction: A franchise agreement is the deciding component in the establishment affiliation, as there is no particular enactment or direction for franchising.

Explanation

The franchisor and franchisee receive in the franchising agreement are as follows:

  • The franchisor gets quick and specific circulation of its goods without bringing about high expenses. The franchisor gives a known and promoted business name, administration abilities, a technique for working together, and the necessary preparing and materials...

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