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प्रश्न
What are the types of franchising?
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उत्तर
- Product /trade name franchising: In this type, the franchisee exclusively deals with a manufacture’s product, for example, Kidzee, French Loaf outlets.
- Business format franchising: When a franchisor awards rights covering all business aspects as a complete business package to the franchisee it is called business format franchising, for example, McDonald’s, Pizza Hut.
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संबंधित प्रश्न
Who is a franchisee?
What is franchising?
What are the disadvantages of franchising to the franchisee?
Choose the Correct Answer.
A continuing relationship which provides licence privileges to do business and provides training, merchandising for consideration is called ______
Choose the Correct Answer.
A condition where a factor agrees to provide a complete set of services like financing, debt collection, consultancy is called ______
Choose the Correct Answer.
The model that identifies alternatives, criteria for decision making and analyzes alternatives to arrive at the best choice is ______
Enumerate the characteristics of franchising.
Assertion (A): In franchising there is usually a much higher likelihood of success when an individual opens a franchise as opposed to a mom-and-pop business.
Reason (R): It runs on a proven business formula that is already in place.
Franchising is advantageous for both franchisor and franchisee. Explain five advantages of franchising for the franchisee.
How is franchising a better option for external expansion in case of start-ups?
