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Private sector businesses 2.
Member rating: No Rating | Words: | Submitted: Mon Oct 20 2003
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Private Sector Businesses 2 Franchises A franchise is a way of owning a business without taking the normal risks of starting out on your own. It is little wonder, then, that it is so popular! Benetton, Prontoprint, Wimpy, Kentucky Fried Chicken, BSM and Body Shop are all examples of franchises. These are enterprises where a small shop or outlet is run by a franchisee, who has been given permission to operate the business by a franchisor the organization which owns the product or service being sold. The franchisee gets the benefit of the franchisor's expertise in marketing and operations. The franchisor will often supply the raw materials or stock for sale, provide shop displays and give help and advice to the franchisee, who usually has the exclusive right to operate in a certain geographic area. The franchisee has the responsibility of running the business on a day-to-day basis and can keep most of...
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