Business Studies - Franchising

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Franchisor
The business that gives 'franchisees' the right to sell its product or service
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Franchisee
A business that agrees to manufacture, distribute or provide the branded product, under a licence by a franchisor
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Franshising
A 'franchise' is the right given by one business to other businesses to sell goods or services in its name
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Location
For some small businesses, such as a retail shop or resturant, location is vital.
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Franchise
A good way to remember it is. "A franchise is like a ready-made business in a box"
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Other cards in this set

Card 2

Front

A business that agrees to manufacture, distribute or provide the branded product, under a licence by a franchisor

Back

Franchisee

Card 3

Front

A 'franchise' is the right given by one business to other businesses to sell goods or services in its name

Back

Preview of the back of card 3

Card 4

Front

For some small businesses, such as a retail shop or resturant, location is vital.

Back

Preview of the back of card 4

Card 5

Front

A good way to remember it is. "A franchise is like a ready-made business in a box"

Back

Preview of the back of card 5

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