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The advantanges and disadvantages of Franchising.Discuss.
Member rating: No Rating | Words: 1068 | Submitted: Mon Dec 31 2007
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BUSINESS Assignment No.1 Teacher's Name: Student's Name: Student's Number: Course: UFY Date: Table of Contents> Introduction..............................3> Recommendation.......................4> Important Findings......................4> Conclusion................................7> Bibliography..............................7 Introduction Franchising is a tried business concept and has proven to be a success, which could be regarded as one option to start our own new business. The franchise is one type of partnership between the franchisor and the franchisee based on a close dependence on each other. The franchisor wants to ensure that the franchisee's business is launched successfully and stays profitable, whose income will rely on the franchisee's success. The formal definition of franchise given by British Franchise Association (BFA) is: A franchise is a contractual license granted by person (the franchisor) to another (the franchisee) which: permits or requires the franchisee to use a specified trademark; entitles the franchisor to exercise continuing control; obliges the franchisor to provide the franchisee with the assistance; requires the franchisee...
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