Franchising is a way of turning a company into a parent company with smaller retail outlets owned by independent operators…
Franchise- a contractual agreement to use the name and sell the products of a company in a designate geographic area.…
A franchise is a legal agreement between franchisers and franchisees that consents use of the franchise’s trademark and trade name or marketing plan to sell products or services (Kubasek, Brennan, & Browne, 2012, p. 791). Through a franchising arrangement franchisee can profit from implementing another’s efficacious business model. One of the most attractive advantages is the high probability of success of 90 % as compared to 20 % for small businesses (Staring and Naming a Business Presentation, 2012, Slide 9). Other advantages include established franchise reputation, operational support and training, product research and development, and better access to financing. On the downside, business plan rigidity can deprive the quality of customer service and hinder a creative business owner. Thus, both the Clayton Act regulates business competition and price discrimination (15 USC §§ 12-27; 36 Am J1st Monop etc §§ 141, 142) and the Sherman Act is a federal antitrust act (15 USC §§ 1 et seq; 36 Am J1st Monop etc. § 141) protect the public and small business owners from monopolization and market power.…
The franchisee/ franchiser relationship has its benefits, but also one major downside which can cause conflicts and controversies. “At the heart of the franchise agreement is the desire by two parties to make money while avoiding risk” (Schlosser 94). In starting your own business, there is a huge financial risk. Even if you have an amazing idea it takes a lot of well managed money. Becoming a franchisee, though, while still costing a good amount of money, the risk is considerably smaller because the name, advertising and product is already out there. “One provides a brand name, a business plan, expertise, access to equipment and supplies. The other puts up the money and does the work” (Schlosser 94). Franchising makes it easier for companies to expand their market and profit from that. “The relationship has built-in tensions. The franchisor gives up some control while not wholly owning each operation; the franchisee sacrifices a great deal of independence by having to obey the companies rules” (Schlosser 94). When putting that amount of money and work…
Franchise -- A franchise is a legal agreement that allows one organization with a product, idea, name or trademark to grant certain rights and information about operating a business to an independent business owner. In return, the business owner (franchisee) pays a fee and royalties to the franchisee. (www.franchiseexpo.com[->5])…
Franchises are businesses in which someone gets formal permission given by a company to sell its goods or services in a particular…
Franchising is the practice of using another firm's successful business model. Franchise company offers similar products or services in many locations. The place of service has to bear the franchisor's signs, logos and trademark in a prominent place and the uniforms worn by the staff of the franchisee have to be of a particular design and color.…
Franchise Ownership: The Pros And Cons. (2014, December 15). Retrieved June 26, 2015, from http://search.proquest.com.ezproxy.liberty.edu:2048/docview/1636027565?pq-origsite=summon&accountid=12085…
Franchising began back in the 1850 's when Isaac Singer invented the sewing machine (Daszkowski, 2014). In order to distribute his machines outside of his geographical area and provide training to customers, Singer began selling licenses to entrepreneurs in different parts of the country and franchising was born (Daszkowski, 2014). Even in the face of the recent worldwide economic slowdown, the franchise sector has grown and remained a significant global force. There is usually a much higher likelihood of success when an individual opens a franchise since a proven business model…
Franchise: the legal right to use the name and logo of an existing firm and sell the same products/services.…
Richard Wagner's essays, "Judaism in Music" and "What is German" does not just cast aside the ideology of Jewish emancipation as stated by Christian Wilhelm von Dohm in "On the Civic Improvement of the Jews". Instead, Richard Wagner's essays outline the struggles with the legacy of the Enlightenment and lead him to promote theories of culture and regeneration that would rewrite those of prior Enlightenment visionaries, making those people of Jewish descent seen as humans before Jews.…
Franchising acquired its popularity by establishing a common method of service which gave customers the comfort that they look for when they look for a meal.When the customers go out…
Franchises are businesses in which someone gets formal permission given by a company to sell its goods or services in a particular area. The…
franchise fee, the onetime payment to become a franchisee. Also a royalty fee will be charged which is a specified percentage of sales revenue. (Hatten 114)…
-In the late 19th century many American conglomerates, such as the Standard Oil Company and…