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Chapter 5 Question 1 (A18A0068)
Chapter 5 Question 1 (A18A0068)
Chapter 5 Question 1 (A18A0068)
- A loyal customer base improves the likelihood that clients will become repeat
buyers.
- Franchisees benefit from their franchisor 's experience, direction and leadership in
extending the business model into the future.
- In order to satisfy consumer demand, operators benefit from managing stock on hand
to minimise manufacturing costs and ensure sufficient stock turnover.
- Many franchises have produced brand identities and the specific product or service
has been purchased into a franchise licence by individuals.