Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

Business Studies > Franchises > Flashcards

Franchises Flashcards

1
Q

Ownership

A

Franchisor (own overall company)
Franchise (owns individual shop/outlet)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Liability

A

Depends on set up of company

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Finance

A

Franchises own capital

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Decision making/control

A

As per the franchisers operating manual

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

Documents required

A

Franchise agreement

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

Franchisor advantages

A

increased opportunities for expansion, benefits from economics of sale, gain a % of profit from each shop, additional outlet without capital investment, additional outlet run for them

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

Franchisor disadvantages

A

Loses control of day to day management of the outlet

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

Franchise advantages

A

Reduce risk, the right to sell under a well known brand, increased sales, training + support given, national advertising

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

Franchise disadvantages

A

Individually, independent, Connor choose supplier, cannot sell additional product lines, must pay royalty fee

How well did you know this?
1
Not at all
2
3
4
5
Perfectly

Business Studies (9 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions