Business Principles: chapter 5- small business, Entrepreneurship, &…
Business Principles: chapter 5- small business, Entrepreneurship, & Franchises
The Franchisee has the opportunity to start the business with out or little money
The franchisor grows the company with out putting in much work.
franchisor has limited control and runs the risk of not maintaining brand reputation.
the franchisee has large responsability and must pay fees to the franchisor
examples of Franchises
the UPS Store
Sonic Drive in
types of frachises
producer llicenses distributor
franchisor supplies services instead of a complete product