Franchises
- Created by: mary9
- Created on: 20-02-15 11:44
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- Franchises
- very popular these days, favourite topic for examiners
- Franchisor can provide help & support with marketing, taking and accountancy
- Franchisees don't have much control over their business, unlike an independent firm
- some give other firms right to sell their products
- in return for a small fee
- Known as Franchising
- Product manufactures are known as franchisors
- The firms selling the product are Franchisees
- Some franchises trade under the name of the franchisee
- but advertise that they sell a parituclar manufacturesproducts
- Such as Car Dealers
- but advertise that they sell a parituclar manufacturesproducts
- Branded franchises go one step further
- Franchisee buys right to sell under name of Franchisor
- Pays a small fee or % of profits
- Franchisee buys right to sell under name of Franchisor
- Business model is proven to be successful
- very popular these days, favourite topic for examiners
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