Foundations of Business (Standalone Book) (MindTap Course List)
Foundations of Business (Standalone Book) (MindTap Course List)
5th Edition
ISBN: 9781305511064
Author: William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher: Cengage Learning
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Chapter 5.7D, Problem 2CC
Summary Introduction

To determine: One major benefit of franchising for the franchisor and franchising for the franchisee.

Introduction: Franchising is a notable business procedure and it is a type of legally binding declaration in which a franchisee or a retailer goes into a concurrence with a franchisor or a manufacturer to offer the merchandise and services for a predetermined expense or commission.

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Describe at least one advantage and one disadvantage of franchising for the franchisor, and at least one advantage and disadvantage of franchising for the franchisee.
State one major benefit of franchising for the franchisee.
State the advantages of franchising.
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