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Title: Franchising Unit 1 Work GCSE Business Studies
Description: Work from Unit 1 work in GCSE year 10 work. All work is about Franchising only including key words and advantages and disadvantages.
Description: Work from Unit 1 work in GCSE year 10 work. All work is about Franchising only including key words and advantages and disadvantages.
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Franchising
A franchise is where a sole trader buys the legal right to use the
name and logo of an existing business
...
The franchise is the business who sells the right to another business
to operate a franchise
...
They should provide you with:
Training
Management Expertize
Advertising Campaigns
Raw materials
Equipment
A royalty fee is the amount of profits paid back to the franchisor
...
Providing most of the finance
...
Use the experience of the franchisor
...
Reduces risks
...
Profits must be shared between franchisee and franchisor
...
Lack of complete ownership and control
...
Good listener
...
Passionate
...
Open to advice and guidance
...
Effective time management skills
...
Possesses business knowledge and awareness
Title: Franchising Unit 1 Work GCSE Business Studies
Description: Work from Unit 1 work in GCSE year 10 work. All work is about Franchising only including key words and advantages and disadvantages.
Description: Work from Unit 1 work in GCSE year 10 work. All work is about Franchising only including key words and advantages and disadvantages.