franchising
...se to the franchisee to use their company name, format, and product. (iii) Franchisee: a franchisee is someone who will pay a fee or/and a royalty to get a license from a business to use their name, format, and product. (iv) What are the advantages and disadvantages or a franchise? The advantages of a franchise are that the franchisor gives the chance for a business operator their name, and support in such areas as staff training, purchasing of goods and services, and also advertising is a big part. Franchises are also good because they provide a good return on investments. The standards of franchises are of a higher quality and people no this from past experience so they will be able to rely n your business. The biggest disadvantage I believe is the fact that the franchisee(s) have less freedom then other business that are self owned. If the franchisees don’t do what they are told and don’t run the business the way they are told by the franchisors they could find themselves in trouble and without a business. They other disadvantage I believe is a problem is the franchisee has a limited range of things they can do with the business and products they are able to by. Everything ...