LEQ: What are the advantages and
disadvantages of purchasing a
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
The person or group opening the
franchise is the franchisee.
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