Franchising Franchising (from the French for honesty[citation needed]) is a method of doing business wherein a franchisor licenses trademarks and tried and proven methods of doing business to a franchisee in exchange for a recurring payment‚ and usually a percentage piece of gross sales or gross profits as well as the annual fees. Various tangibles and intangibles such as national or international advertising‚ training‚ and other support services are commonly made available by the franchisor
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CASE: PARTS EMPORIUM • Sue McCaskey‚ the new materials manager of a wholesale distributor of auto parts. • She seeks ways to cut the bloated inventories while improving customer service. • Back orders with excessive lost sales are all too frequent. Inventories were much higher than expected when the new facility was built‚ even though sales have not increased. CASE: PARTS EMPORIUM • Summary data on inventory statistics‚ such as inventory turns‚ are not available. • McCaskey decides to begin
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INTRODUCTION Parts Emporium‚ Inc. is a wholesale distributor of automobile parts formed by two disenchanted auto mechanics‚ Dan Block and Ed Spriggs. Originally located in Block’s garage‚ the firm showed slow but steady growth for 7 years before it relocated to an old‚ abandoned meat-packing warehouse on Chicago’s South Side. With increased space for inventory storage‚ the company was able to begin offering an expanded line of auto parts. Fifteen years later‚ Parts Emporium was the largest independent
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Chapter 12 Inventory Management Discussion Questions 1. The short answer is that higher inventories do not provide an advantage in any of the nine competitive priority categories. The important point is that firms must have the “right amount” of inventory to meet their competitive priorities. The only relevant costs considered in this chapter are ordering costs‚ holding costs‚ and stockout costs. In the economic order quantity (EOQ) model‚ costs of placing replenishment orders tradeoff
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Case 9.2 Baseball Card Emporium Baseball Card Emporium (BBE) of Lewistown‚ Pennsylvania‚ is a distributor of baseball cards to sports card retailers. Its market area encompasses most of Pennsylvania‚ eastern Ohio‚ and New Jersey. The cards are printed in Neenah‚ Wisconsin‚ and currently shipped to Lewistown via motor carrier transportation. Kenny Craig‚ vice president of logistics‚ has asked his staff to evaluate using air carrier service to ship the cards. Nick Gingher‚ director of distribution
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FRANCHISING China Foto Press s of the Foreign franch ises are reaching more Chinese consumers over larger segment . country The Pros and Cons of Franchising in China US companies must jump hurdles to operate successful franchises in China‚ but the potential benefits are too great to ignore. William Edwards 40 July–September 2011 chinabusinessreview.com FRANCHISING W estern and local franchise brands have developed group is largely a young‚ upwardly mobile‚ and aspirational
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also has to play to adapt this approach successfully. Chapter one gives a comprehensive overview of Cameroon and its business environment. Chapter two provides broad literature review on franchising and how it is applied in Cameroon. Chapter three states the advantages and disadvantages of franchising in Cameroon. Chapter four is a methodology of the study‚ stating how data was collected and analyzed‚ its methods‚ instruments‚ and anticipated problems. Chapter five is the conclusion about
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The People The French adhere to a strong and homogeneous set of values. They cherish their culture‚ history‚ language and cuisine‚ which is considered an art. The French have been and are today world leaders in fashion‚ food‚ wine‚ art and architecture. They embrace novelty‚ new ideas and manners with enthusiasm as long as they are elegant. Meeting and Greeting * At a business or social meeting‚ shake hands with everyone present when arriving and leaving. A handshake may be quick with a light
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businesses‚ and the future of international franchising. Franchising has become an increasingly popular market-entry mode‚ and the use of franchise systems for expansion into international markets is expected to continue and perhaps intensify. (Arthur Anderson‚ 1996) These business franchises appear as hotel chains‚ fast food restaurants‚ and many others. The first section examines the definition of franchising by giving an overview of franchising from an international perspective. The historical
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1955. McDonald’s has always been a franchising company and has relied on its Owner/Operators to play a major role in the System’s success. McDonald’s remains committed to franchising as a predominant way of doing business. Listen as six McDonald’s Owner/Operators share their perspective in these areas: Training‚ McFamily‚ Customer Satisfaction‚ Social Responsibility and Support. World Class Training - McDonald’s continues to be recognized as a premier franchising company around the world. We believe
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