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Q.

What is meant by frenchise?

Tags: money, education, politics & government
Asked by prateek, 07 Apr '10 03:00 pm
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Answers (5)

1.

As franchising has grown internationally, the term franchise has been adopted to indicate a business system composed of a brand name, a "system" or format implying the distribution of a product and/or service through a network. This system replicates itself with every new business partner (franchisee) that invests and becomes another member of the network. Interestingly, as cultures, market and social conditions differ, many aspects of business format franchising differ too. The term "franchising" in business evokes: brand name, replication of a system, expansion and network. In fact, it is a lot more complex!!
Answered by dharamender nebhnani, 07 Apr '10 03:02 pm

 
  
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2.

Commerce an agreement or license to sell a company's products exclusively in a particular area or to operate a business that carries that company's name
Answered by pp meenakshi kutty, 07 Apr '10 03:41 pm

 
  
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3.

Franchising offers an excellent opportunity for you to be in business for yourself. When you hear the word "franchise" you probably think of fast food restaurants such as Burger King, McDonald's or Subway. But the truth is franchising is so much wider than that.

In simple terms, franchising is where a successful business format is replicated. This involves developing all the systems and procedures the franchisor has found to be most successful. Anyone joining the franchise will be expected to operate the business using these tried and true systems.

There are franchises available in almost every business category that you can think of, and across all price ranges. In addition, because franchising has such a low failure rate, especially when compared to starting a business from scratch, a franchisees chance of success is extremely good.

Compared to starting your own business from scratch, franchising can provide a relatively safer route into self employment. The franchisor has e ...more
Answered by saranathan Narasimhan, 07 Apr '10 03:35 pm

 
  
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4.

A form of business organization in which a firm which already has a successful product or service (the franchisor) enters into a continuing contractual relationship with other businesses (franchisees) operating under the franchisor's trade name and usually with the franchisor's guidance, in exchange for a fee.
Answered by PARTHA PATHAK, 07 Apr '10 03:06 pm

 
  
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5.

Chain shop that is many shop/dept with a single name like mcdonald
Answered by priti kaur, 07 Apr '10 03:01 pm

 
  
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