Module 1 - Advantages and Challenges of Franchising

Question 1

What are the Advantages of Franchising?

Answer 1

(1) High Success rate
(2) Recognized brand and trademark
(3) Lower risks
(4) Pre-opening support
(5) Ongoing support
(6) Buying power
(7) Operational assistance
(8) Quality control
(9) Long term stability
(10) Business Synergy
(11) Profit Potential

Question 2

What are the Challenges in Franchising?

Answer 2

(1) Control
(2) Ongoing Costs
(3) Territorial Restrictions
(4) False expectations