Franchise" is an agreement between two parties which allows one party i.e. the franchisee, to market product or services using the trademark and operating methods of the other party i.e. the franchisor.
Franchising refers to the methods of practicing and using another person's philosophy of business. The franchisorgrants the independent operator the right to distribute its products, techniques, and trademarks for a percentage of gross monthly sales and a royalty fee. Various tangibles and intangibles such as national or international advertising, training, and other support services are commonly made available by the franchisor. Agreements typically last from five to thirty years, with premature cancellations or terminations of most contracts bearing serious consequences for franchisees.
effect of franchising
Tagalog word for franchising: pagpaprangkisya
Franchiser
Hybrid franchising is the process of taking a traditional franchising concept and applying state-of-the art business practices, technology and real time market conditions to enhance and or improve on a previous franchise process.
A few types of franchising are trade name franchise, pure franchise, and a product distribution franchise.
effect of franchising
Tagalog word for franchising: pagpaprangkisya
Ritz Carlton started hotel franchising.
At the concert, I opened up a franchising booth. Hope this helps! :D
Director of Passenger Rail Franchising ended in 2001.
Director of Passenger Rail Franchising was created in 1993.
Franchising requires capital, not any development of know-how or a brand.
Jim Forward has written: 'Large firms and franchising' 'Issues in franchising'
Franchiser
Yes, a franchising consultant can help you to find an existing franchise to purchase. Franchising consultants have much expertise in this area and can be a very helpful source.
Hybrid franchising is the process of taking a traditional franchising concept and applying state-of-the art business practices, technology and real time market conditions to enhance and or improve on a previous franchise process.
A few types of franchising are trade name franchise, pure franchise, and a product distribution franchise.