Business: Section 1 (Franchises)
- Created by: Georgia Vyse
- Created on: 21-03-14 19:25
View mindmap
- Franchises
- Advantages
- Less risk as its already an established company.
- Adverting is done for you by the franchisor.
- Some franchises train staff for you
- Disadvantages
- Dont have as much control over your business.
- Costs more to set up as you have to pay an initial fee.
- The franchisor gets a percentage of your profits.
- Frachisees or Franchisor?
- Franchisees - The firms selling their products.
- Franchisor - The product manufacterer (Original)
- Franchisor - Pros and cons
- Pros: Increase market share without increasing size of own firm , very profitable
- Cons: Franchisee can ruin their repuatation.
- Advantages
Comments
Report