Franchises

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Transcript Franchises

Franchises
LEQ: What are the advantages and
disadvantages of purchasing a
franchise?
Francises
 A franchise is an enterprise that uses
the original company’s name to sell
goods and services.
 The parent company or the company
owning the name – is called the
franchisor.
 The person or group opening the
franchise is the franchisee.
Franchises
 Examples include Holiday Inn,
Century 21, and Burger King.
 Franchise agreements include
requirements designed to uphold to
reputation of the parent company.
 Franchisor often provides training for
employees and pays for national
advertising.
Franchises
 Chick-fil-A
 http://www.chick-fil-a.com/operator.asp