What are the Advantages of Franchising?


0

Advantages:

Advertisement
  • A franchise provides franchisees with a certain level of independence where they can operate their business.
  • A franchise provides an established product or service which already enjoys widespread brand-name recognition. This gives the franchisee the benefits of customer awareness which would ordinarily take years to establish.
  • A franchise increases the chances of business success because of association with proven products and methods.
  • Franchises may offer consumers the attraction of ‘a certain level of quality and consistency because it is mandated by the franchise agreement.
  • Franchises offer important pre-opening support:
    • site selection
    • design and construction
    • financing (in some cases)
    • training
    • grand-opening program
  • Franchises offer ongoing support:
    • training
    • national and regional advertising
    • operating procedures and operational assistance
    • ongoing supervision and management support
    • increased spending power and access to bulk purchasing (in some cases)
Advertisement
The following two tabs change content below.
MT UVA- University, Vocational and Affiliated Education for BMS

Like it? Share with your friends!

0
MT UVA BMS

MT UVA- University, Vocational and Affiliated Education for BMS

0 Comments

Ask Us On WhatsApp
Choose A Format
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Poll
Voting to make decisions or determine opinions
Story
Formatted Text with Embeds and Visuals
List
The Classic Internet Listicles
Countdown
The Classic Internet Countdowns
Open List
Submit your own item and vote up for the best submission
Ranked List
Upvote or downvote to decide the best list item
Meme
Upload your own images to make custom memes
Video
Youtube, Vimeo or Vine Embeds
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF
Gif
GIF format