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प्रश्न
Enumerate the characteristics of franchising.
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उत्तर
- A franchise relationship is based on an agreement that lays down the terms and conditions of this relationship.
- The term of the franchise may be for 5 years or more. The franchise agreement may be renewed with the mutual consent of the parties.
- The franchisee gives an undertaking not to carry any other competing business during the term of the franchise, and the franchiser gives an undertaking not to terminate the franchise agreement before its expiry except under situations that may justify the termination of the franchise agreement.
- The franchisee agrees to pay specified royalty to the franchiser, as per the terms of the franchise agreement.
- Franchise means selling the same product and maintaining a similar type of shop decor (i.e. style of interior decoration) for which the franchiser provides assistance to the franchisee in organizing, merchandising, and management.
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संबंधित प्रश्न
Who is a franchisor?
Explain the types of franchising.
What are the disadvantages of franchising to the franchisee?
Explain the advantages of franchising, both for the franchisor and franchisee.
Choose the Correct Answer.
A continuing relationship which provides licence privileges to do business and provides training, merchandising for consideration is called ______
An organization carrying out activities to move goods from producer to consumer is ______.
Choose the Correct Answer.
The model that identifies alternatives, criteria for decision making and analyzes alternatives to arrive at the best choice is ______
State two disadvantages of franchising?
What are the types of franchising?
Franchising is advantageous for both franchisor and franchisee. Explain five advantages of franchising for the franchisee.
