Franchise businesses: advantages and disadvantages
Not what you're looking for?
Discuss advantages and disadvantages of a franchise as compared to other types of business formations.
Purchase this Solution
Solution Summary
The expert examines the advantages and disadvantages of franchise businesses.
Solution Preview
Advantages
1. Branding from a national name with a built in reputation at the outset
2. National cooperative advertising with local tags largely paid by the franchisor
3. A proven system of organization including set up, equipment, training
4. The possibility of financing sometimes offered by the franchisor for the entire package
5. Consulting from the franchisor after the fact to assist with management problems
6. A built in set of standards proven and tested for operations
None of the above is available for the business just ...
Purchase this Solution
Free BrainMass Quizzes
SWOT
This quiz will test your understanding of the SWOT analysis, including terms, concepts, uses, advantages, and process.
Paradigms and Frameworks of Management Research
This quiz evaluates your understanding of the paradigm-based and epistimological frameworks of research. It is intended for advanced students.
MS Word 2010-Tricky Features
These questions are based on features of the previous word versions that were easy to figure out, but now seem more hidden to me.
Understanding the Accounting Equation
These 10 questions help a new student of accounting to understand the basic premise of accounting and how it is applied to the business world.
Marketing Management Philosophies Quiz
A test on how well a student understands the basic assumptions of marketers on buyers that will form a basis of their marketing strategies.