To ascertain how does the franchise operate the business.
Explanation of Solution
Franchises allow investors (franchisees) to exchange a franchise fee for their name, brand, system and product. The franchisee owns and operates the local corporation, and owes the franchisor a share of income. Usually, the franchisor can give assistance and assistance in areas such as marketing, location-finding, training etc.
This offers some advantages to starting a company from scratch. Being a franchisee helps to be own boss, but it also offers a support network that wouldn't otherwise have apart from running a company.
Introduction: A franchise is a kind of license that obtained by a party (franchisee) to allow them access to a company's (franchisor's) proprietary details, processes, and marks to enable the party to sell a product or provide a service under the company name.
Chapter 8 Solutions
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