Explain how a franchise could be considered a partnership. What makes a franchise agreement simpler than a partnership that you would start with another individual?
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Hi,
A franchise is a type of business organization that is usually owned and operated by an individual who has an agreement with the franchisor (Vitez, 2013). This is a contractual agreement and relationship between those two parties. A partnership usually includes two or more individuals who are responsible for managing and operating a business (Vitez, 2013). Partnerships can also use legal agreements, ...
Solution Summary
A discussion regarding franchises and partnership and how they are simliar and different from each other, including how one may be simpler than the other in specific situations. 197 words, 1 reference.
... the business was new and not making any money ... Molly makes great chocolate chip cookies and sells them. ... opportunity that will enable them to make a sufficient ...
... the Festival, Joan and David ordered and made payment on ... claiming they did not know Jack was making them? ... that they did not authorize Jack to make the contracts ...
... shared responsibilities with partners and decision-making enabled it ... In your opinion, what makes Sonic and other ... up, curb-side service that has made the chain ...
... Those franchisees, having made a substantial investment ... entrepreneurs are apt to make, especially during ... will typically include brand building, marketing and ...
...Make sure you tap into leading experts' in the field ... instead operates through the franchise; this makes it hard ... Another problem of creating and fully owning a ...
... Her husband John is open to making a contribution of ... operate in and many of these states make it very ... realistically their money anyway, so, it makes the most ...
... of money for recruiting employees, and creating customer awareness ... This in-turn may make it difficult for Betty ... someone who is fully capable of making her own ...
... Joan makes all the decisions concerning the operations and ... while peter contributed his skill to make the business ... legal entity and any claims made against the ...
... are low cost to start, less regulation, decision making is easy ... Proprietorship, Partnership or Incorporation. ... The Sports Pub Franchise with a Difference. ...
