Franchises Flashcards

1
Q

Advantages of franchising

A

Easily expands globally
Less work for the franchiser
Franchisee does not need to spent money on advertising

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2
Q

Disadvantages of franchising

A

Franchiser does not have complete control
If run badly may affect company name
Cost money to train the owner
Franchisee does not have 100% of the profits

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3
Q

What is the differences between franchisee and franchisor

A

Franchisor is the company in which sells their brand name for money
Franchisee is the person who buys the license to use a (usually large) company name

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4
Q

What is a franchise

A

A franchise is a business based upon the use of brand names and promotional logos of an existing successful business

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