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प्रश्न
What is franchising?
What is meant by ‘franchising’?
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उत्तर
Franchising is an arrangement through which the manufacturer or sole distributor of a trademarked product or service gives exclusive rights of local distribution to independent retailers in return for royalties and conformance to standardized operating procedures.
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संबंधित प्रश्न
Who is a franchisor?
Who is a franchisee?
Which is the most popular form of franchising?
Explain in brief the three ways in which an organisation can expand externally.
Enumerate the importance of franchising.
Explain the types of 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 ______
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?
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?
