What Is a Franchise? Essay -- essays research papers

What Is a Franchise? Franchising is a form of business in which the owner, or franchiser, gives license to distribute products, services or methods of business to committed dealers, franchisees. In many cases franchisees atomic number 18 given exclusive access to a particular geographical area. The franchiser usually mandates uniform symbols, trademarks and standardized services. Thirty old age ago franchising was a revolutionary untried technology - a new and better way - a new and better way to retail goods, food products and services to the consumers. How was it greeted? The media called it a scam. Headlines were everywhere about how some undersized old lady lost her life savings to some flim flam franchise. major(ip) fortune 500 companies were getting involved in franchising but these companies insisted that their names not be used in ads or magazine stories. straight off franchising has turned into an $800 billion a year business. Experts estimate that today as much as on e third of the goods and services in the U.S. are moved through franchising. Its hard to believe but franchising actually came indoors 11 votes of being outlawed by Congress of the United Sates of America. fundamentally a franchise provides a tested formula for starting a business that has worked for others. It can save you from making costly errors, shorten your training curve and help you make a profit more quickly. However, start-up be are high and you are required to follow the companys specific procedures. The amount f...