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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
What is franchising?
Which is the most popular form of franchising?
Explain in brief the three ways in which an organisation can expand externally.
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 condition where a factor agrees to provide a complete set of services like financing, debt collection, consultancy is called ______
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?
