Franchise Flashcards
1
Q
Whats a franchisor
A
A business that allows a franchisee to sell their products by their companies name
2
Q
What’s a franchisee
A
The people who sell an established company’s products
3
Q
What’s a franchise
A
A right given to someone to sell its services or goods by their name
4
Q
Advantages of franchisors
A
Becomes more widely known, franchisee must buy stock which increases revenue/profits
5
Q
Advantages of franchisee
A
Training received, advice, advertising by franchisor
6
Q
Venefit of owning your own ship rather than shops owned by other businesses
A
Control over producst, can make decisions on the prices, immediate feedback
7
Q
Problems of owning your own shop rather than a shop owned by a other business
A
Extra costs setting up, staff training(cost)
