Franchisers And Franchisees Flashcards
Distinguish bewteen franchisers and franchisees
The franchisor is the business whose sells the right to another business to operate a franchise
The franchisor is the business whose sells the right to another business to operate a franchise
evaluate the factors affecting the use of franchises to a business
Quicker geographical growth for low investment
Capital investment by franchisee important source of growth finance
The franchisee is given support by the franchisor.
A franchise allows people to start and run their own business with less risk.
explain what is meant by co-operatives
Co-operatives are businesses owned and run by their members. Examples include Arla Foods (a farmers’ co-operative), the Co-Op Group, Richer Sounds, John Lewis / Waitrose and also credit unions.
