Economics assignment

... Phone City Phone City is a franchise, which deals primarily with a sale of mobile phones, and accessorises. As franchise, it allows anyone to buy a shop to sell products under it's name. It is the responsibility of the owner of the shop to pay for renting out the shop, products and staff. Each franchise agreement works under different terms and conditions, therefore this work will only identify the terms and conditions of the Phone City franchise in Golders Green (North London). The Phone City franchise allowed the shop to work using its name on a condition that any contracts that are sold would go under the name "Phone City" to the network provider. Therefore, once the commission for the sale is paid, it goes to Phone City, which then in turn passes parts of it to the shop. One of the main benefits that the shop owner gets from joining

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