Concept franchise
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The document discusses franchising as a business model where multiple owners share a single brand name. It describes the relationship between the franchisor, or parent company, and the franchisees who operate store locations. Franchising agreements typically require franchisees to pay an initial fee plus ongoing royalties based on sales. While franchising allows for rapid expansion with less capital than company-owned stores, it reduces the parent company's control and requires franchisees to pay revenue percentages. Major franchising companies are discussed like Yum! Brands, McDonald's, and Intercontinental Hotels Group. The conclusion states that as consumer wealth grows in emerging markets, so will demand for franchised consumer goods and India's franchising industry is expected to
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Franchising your business with The Franchise Company. Learn all about franchising your business with The Franchise Company. We are London based franchise consultants with over 25 years experience of helping businesses franchise. We are British Franchise Association affiliated and have worked with UK and international businesses.
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A franchise (or franchising) is a method of distributing products or services involving a franchisor, who establishes the brand's trademark or trade name and a business system, and a franchisee, who pays a royalty and often an initial fee for the right to do business under the franchisor's name and system.
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CHAPTER
4
Franchises
and Buyouts
© 2020 Cengage Learning®. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.
LEARNING OBJECTIVES
By studying this chapter, you should be able to…
4-1 Define franchise, and have an understanding of
franchising terminology.
4-2 Understand the pros and cons of franchising.
4-3 Describe the process for evaluating a franchise
opportunity.
4-4 List four reasons for buying an existing business,
and describe the process for evaluating an existing
business.
© 2020 Cengage Learning®. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.
4-1 WHAT IS A FRANCHISE?
• The Singer Sewing Machine company is credited with
being the first franchisor in the United States.
• In 1851, Albert Singer entered agreements with local retailers
to give them exclusive rights to sell Singer sewing machines.
• Some historians, however, contend that Benjamin
Franklin was actually the first U.S. franchisor.
• They cite the arrangement he made with a printer in South
Carolina to reproduce Poor Richard’s Almanac columns.
• Franchise – The right to sell the licensing company’s
goods or services in a particular area.
© 2020 Cengage Learning®. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.
4-1a Franchising Terminology
(slide 1 of 4)
• Franchising – A process for expanding a
business and distributing goods and services
through a licensing relationship.
• Franchisor – The party in a franchise contract
that specifies the methods to be followed and
the terms to be met by the other party.
• Franchisee – The party in a franchise contract
that is granted a license to do business under
a particular trademark and trade name by the
franchisor.
© 2020 Cengage Learning®. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.
4-1a Franchising Terminology
(slide 2 of 4)
• There are two primary forms of franchising:
1. Product and trade name franchising – A
franchise agreement granting the right to use a
widely recognized product or trademark.
• Automobile dealers and convenience stores are examples
of companies engaged in this type of franchising.
2. Business format franchising – A franchise
arrangement whereby the franchisee obtains an
entire marketing, management, and supply system
geared to entrepreneurs.
• Quick-service restaurants, hotels and motels, and
business services typically engage in this type of
franchising.
© 2020 Cengage Learning®. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.
4-1a Franchising Terminology
(slide 3 of 4)
• In order to become a franchisee, you will need to enter
into a legal contract with the franchisor.
• Franchise contract – The legal agreement between
franchisor and franchisee.
• ...
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The document discusses franchising, including definitions of key terms like franchisor and franchisee. It outlines advantages such as lower capital requirements for franchisors and motivated local management. Disadvantages include high costs and less control over franchisee-owned locations. The document also describes the major types of franchises and provides examples of the largest franchise chains in terms of locations.
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© 2020 Cengage Learning®. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.
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By studying this chapter, you should be able to…
4-1 Define franchise, and have an understanding of
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© 2020 Cengage Learning®. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.
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© 2020 Cengage Learning®. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.
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https://www.britannica.com/event/Expo-Shanghai-2010
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Sattamatka.satta.matka.satta matka.kalyan weekly chart.kalyan chart.kalyan jodi chart.kalyan penal chart.kalyan today.kalyan open.fix satta.fix fix fix Satta matka nambarZodiac Signs and Food Preferences_ What Your Sign Says About Your Taste
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Nathalie zal delen hoe DEI en ESG een fundamentele rol kunnen spelen in je merkstrategie en je de juiste aansluiting kan creëren met je doelgroep. Door middel van voorbeelden en simpele handvatten toont ze hoe dit in jouw organisatie toegepast kan worden.
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9356872877Sattamatka.satta.matka.satta matka.kalyan weekly chart.kalyan chart.kalyan jodi chart.kalyan penal chart.kalyan today.kalyan open.fix satta.fix fix fix Satta matka nambar.TIMES BPO: Business Plan For Startup Industry
Starting a business is like embarking on an unpredictable adventure. It’s a journey filled with highs and lows, victories and defeats. But what if I told you that those setbacks and failures could be the very stepping stones that lead you to fortune? Let’s explore how resilience, adaptability, and strategic thinking can transform adversity into opportunity.
一比一原版新西兰奥塔哥大学毕业证（otago毕业证）如何办理
一模一样【微信：A575476】【新西兰奥塔哥大学毕业证（otago毕业证）成绩单Offer】【微信：A575476】（留信学历认证永久存档查询）采用学校原版纸张、特殊工艺完全按照原版一比一制作（包括：隐形水印，阴影底纹，钢印LOGO烫金烫银，LOGO烫金烫银复合重叠，文字图案浮雕，激光镭射，紫外荧光，温感，复印防伪）行业标杆！精益求精，诚心合作，真诚制作！多年品质 ,按需精细制作，24小时接单,全套进口原装设备，十五年致力于帮助留学生解决难题，业务范围有加拿大、英国、澳洲、韩国、美国、新加坡，新西兰等学历材料，包您满意。
【业务选择办理准则】
一、工作未确定，回国需先给父母、亲戚朋友看下文凭的情况，办理一份就读学校的毕业证【微信：A575476】文凭即可
二、回国进私企、外企、自己做生意的情况，这些单位是不查询毕业证真伪的，而且国内没有渠道去查询国外文凭的真假，也不需要提供真实教育部认证。鉴于此，办理一份毕业证【微信：A575476】即可
三、进国企，银行，事业单位，考公务员等等，这些单位是必需要提供真实教育部认证的，办理教育部认证所需资料众多且烦琐，所有材料您都必须提供原件，我们凭借丰富的经验，快捷的绿色通道帮您快速整合材料，让您少走弯路。
留信网认证的作用:
1:该专业认证可证明留学生真实身份
2:同时对留学生所学专业登记给予评定
3:国家专业人才认证中心颁发入库证书
4:这个认证书并且可以归档倒地方
5:凡事获得留信网入网的信息将会逐步更新到个人身份内，将在公安局网内查询个人身份证信息后，同步读取人才网入库信息
6:个人职称评审加20分
7:个人信誉贷款加10分
8:在国家人才网主办的国家网络招聘大会中纳入资料，供国家高端企业选择人才
→ 【关于价格问题（保证一手价格）
我们所定的价格是非常合理的，而且我们现在做得单子大多数都是代理和回头客户介绍的所以一般现在有新的单子 我给客户的都是第一手的代理价格，因为我想坦诚对待大家 不想跟大家在价格方面浪费时间
对于老客户或者被老客户介绍过来的朋友，我们都会适当给一些优惠。
选择实体注册公司办理，更放心，更安全！我们的承诺：可来公司面谈，可签订合同，会陪同客户一起到教育部认证窗口递交认证材料，客户在教育部官方认证查询网站查询到认证通过结果后付款，不成功不收费！
Best practices for project execution and delivery
A select set of project management best practices to keep your project on-track, on-cost and aligned to scope. Many firms have don't have the necessary skills, diligence, methods and oversight of their projects; this leads to slippage, higher costs and longer timeframes. Often firms have a history of projects that simply failed to move the needle. These best practices will help your firm avoid these pitfalls but they require fortitude to apply.
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Concept franchise
- 1. Concept franchise Name – Rohanjaiswal Roll no: Bwu/Bba/16/042 Sub code: bba 404
- 2. Franchising is a business model in which many different owners share a single brand name.
- 3. • The franchising business model consists of two operating partners: the franchisor, or parent company, and the franchisee, the proprietor that operates one or multiple store locations.
- 4. • Franchising agreementsusually require the franchisee to pay an initial fee plus royalties equal to a certain percentage of the store's monthly or yearly sales.
- 5. Advantages • require less initial capital • it can expand rapidly without having to increase its labor force and operating costs, using much less capital.
- 6. Drawbacks • Franchising stores reduces the amount of control that the parent company has over its products and service. • Franchisees must pay a percentage of their revenues to the parent company.
- 7. • Yum! Brands (YUM) runs over 35,000 locations of its A&W, KFC, Pizza Hut, Taco Bell. • McDonald's (MCD) operates the world's largest fast food chain • Intercontinental Hotels Group (IHG) operates hotels and resorts under the InterContinental, Crowne Plaza, Hotel Indigo, Holiday Inn,
- 8. CONCLUSION As the wealth of consumers in emerging markets grows, so too will their appetites for consumer goods, Also, as of 2007, India's franchising industry is expected to grow 30%annually .
- 9. Thank you ! & have a nice day !