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Accounting Basics

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What is Franchising?Advantages and Disadavnatges.

 What is Franchising? It is defined as: “An agreement between two parties in which one party passes on the rights to the other party” Or “A contractual license granted by one person (the franchisor) to another (the franchisee).” Advantages of Franchising  Franchiser gets a large amount of money from franchisee as fee while using its name.  Franchisee gets access to big business.  Failure rate of franchise business is lower than any other business.  Franchisee uses world wide tested brand and tested procedures that is why failure rate is lower in this type of business.  Franchiser provides guidance to franchisee in all affairs of the business.  Choice of location  Franchiser is always there to support the franchisee in all kinds of matters   Disadvantages of Franchising  High cost.  Proportionate profit is given to franchiser by franchisee every ...

ECO401 HIGHLIGHTED SHORT LECTURE 23-ECO401 LECTURE 23

THIS ECO401 HIGHLIGHTED LECTURE 23 WHICH IS MADE FROM ECO401 HIGHLIGHTED HANDOUTS  Related Tags: eco401 assignment solution 2022 eco401 past papers eco401 handouts pdf 2022 eco401 handouts pdf vu eco401 vu handouts virtual university economics lectures eco401 final term solved papers by waqar