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  • Franchise

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    Karee James
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    A franchise is a business arrangement where a firm (the franchisor) allows another business (the franchisee) to use its successful business model and brand to sell products or services in a specific geographic area. Some key advantages of franchising include reducing startup risks for entrepreneurs and gaining access to a proven business model and brand. However, franchising also comes with disadvantages such as higher than expected costs that can reduce profits and the risk of the franchisor going out of business. Overall, franchises contribute significantly to local economies by generating jobs and revenue through rental payments and sales taxes.

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    A franchise is a business arrangement where a firm (the franchisor) allows another business (the franchisee) to use its successful business model and brand to sell products or services in a specific geographic area. Some key advantages of franchising include reducing startup risks for entrepreneurs and gaining access to a proven business model and brand. However, franchising also comes with disadvantages such as higher than expected costs that can reduce profits and the risk of the franchisor going out of business. Overall, franchises contribute significantly to local economies by generating jobs and revenue through rental payments and sales taxes.

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    3 views9 pages

    Franchise

    Uploaded by

    Karee James
    A franchise is a business arrangement where a firm (the franchisor) allows another business (the franchisee) to use its successful business model and brand to sell products or services in a specific geographic area. Some key advantages of franchising include reducing startup risks for entrepreneurs and gaining access to a proven business model and brand. However, franchising also comes with disadvantages such as higher than expected costs that can reduce profits and the risk of the franchisor going out of business. Overall, franchises contribute significantly to local economies by generating jobs and revenue through rental payments and sales taxes.

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    of 9

    FRANCHISE

    What is a Franchise?

    A Franchise is a form of business in which a firm that has a successful in service or product ( the franchisor)
    enters into a contractual relationship with another business.

    Here are some examples of a franchise:


    1. McDonald‘s
    2. Starbucks
    3. Pizzahut ect.
    Three Characteristics of a Franchise is:

     A proven track record


     They should not be afraid of effective change
     They must have a dedicated, involved
    Franchisor.
    Disadvantages of Franchise

    Here are some disadvantages of a franchise:


     They reduce the start up risk for entrepreneurs
     The franchise gains an exclusive right to a market
    within a specific area
     They usually market a known and successful business
    Advantages of a Franchise

    While there are disadvantages of Franchise there are some advantages, some of there advantages are:
     Its costs may be higher than expected. This will affect the franchisee‘s potential to make a significant profit
     If the franchisor goes out of business this will have a direct effect on the franchisee.

     It can sometimes be more difficult to sell a franchise business than a non


    franchise one.
    What does the franchise contribute to the
    country and economy?

     We all want to know why there are so many fast food restaurants in out country, community and even parish
    well it‘s definitely not to support obesity but ot is a quick and easy way to get a meal with the the rise in
    technology,people don’t have the time or energy to cook as they used to.
     Franchise pays rent and property taxes to utilities, restaurantspumps a lot of cash to the local economy. It
    also generates reuenue of over$570 billion dallors.

     It provides jobs for people with low and high qualification so that they can generate a source of income.
    WHAT DID WE LEARN???
    What did we learn??

     We learnt that A franchise is a method of distributing Products or services involving a franchisor.


     We also learnt that There are many franchises in the world for example:
    KFC
    PiZZA HUT
    Starbucks
    Thank you

     Thank you for listening to our presentation and have a great rest of day ..
    BYE..

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