Pros and Cons of Franchising ( for the franchisor) Flashcards
1
Q
Pros of franchising ( for the franchisor ) - 2
A
- fast/effective way to grow the business
- Franchisor gets set up fees & %of sales
2
Q
Cons of franchising ( for the franchisor ) - 3
A
- risk of franchisee damaging the brand if not run effectively
- profits are shared
- Costs of supporting franchisees maybe high