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
0 Comments
  1. vagragenericaar.org 2 months ago

    Thank you.

    Youseful blog. Good post.

Leave a reply

Your email address will not be published. Required fields are marked *

*

*

BMS.co.in is aimed at revolutionising Bachelors in Management Studies education, also known as BMS for students appearing for BMS exams across all states of India. We provide free study material, 100s of tutorials with worked examples, past papers, tips, tricks for BMS exams, we are creating a digital learning library.

Disclaimer: We are not affiliated with any university or government body in anyway.

©2020 BMS - Bachelor of Management Studies Community 

A Management Paradise Venture

Ask Us On WhatsApp
or

Log in with your credentials

or    

Forgot your details?

or

Create Account