Franchises Flashcards
1
Q
What are some of the advantages for becoming a franchisee
A
- well known brand
- defined territory
- training and support (assistance from franchisee)
- less risk
2
Q
What are some of the disadvantages of becoming a franchisee ?
A
- fees to franchisor
- loss of control
3
Q
What are some of the advantages for the franchisor
A
- profits
- growth opportunities
4
Q
What are some of the disadvantages for the franchisor ?
A
- Loss of control
- diseconomies of scale
5
Q
What are the advantages of a charity
A
- charity work
- improves the quality of life of people
- more affordable
- lower costs
6
Q
What are the disadvantages of a charity
A
- dependency on funds
- great risk
- lack of privacy
- expenses
