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Business Studies - AQA - GCSE - Franchisee and Franchisor
Descripción
GCSE Business studies Mapa Mental sobre Business Studies - AQA - GCSE - Franchisee and Franchisor, creado por Josh Anderson el 11/11/2015.
Sin etiquetas
franchisee
franchisor
business
studies
business studies
disadvantages
advantages
business studies
gcse
Mapa Mental por
Josh Anderson
, actualizado hace más de 1 año
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Menos
Creado por
Josh Anderson
hace más de 8 años
16
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0
Resumen del Recurso
Business Studies - AQA - GCSE - Franchisee and Franchisor
Franchisee
Disadvantages
Has to abide by the franchisor's rules
A percentage of all profits go to the franchisor
Costs can be great
For example, McDonalds - Paying for the name, the furniture, the signs, etc.
Restricted territory of promotion
Ongoing payment fees to the franchisor
Advantages
Possibility to get many customers from the start
Brand recognition/well-known names
Relationships with suppliers have already been established
Good way to find talented workers
Management training
Assistance with site selection, building, etc.
Ongoing support from the franchisor
Franchisor
Disadvantages
Confidential information is shared with franchisees
Minimal control over managers
'Shared' ownership
Loss of flexibility as business grows
Risk of franchisee tarnishing public image if they do not deliver (e.g. poor customer service, etc.)
Advantages
Cost effective labour force
Get money without having to run the business themselves
Franchisees own their business, more commitment
Franchisee advertises brand by owning business
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