Franchise Definition Business Gcse

Suitable for key stage 4 gcse and national 5.

Franchise definition business gcse. The basic idea for a franchise is this. That might sound a bit complicated. Learn and revise about business ownership including sole trading partnerships limited companies and franchise with bbc bitesize gcse business studies. A franchise is a business that gives the right to another person or business to sell goods.

The franchisor would provide help and support for the business. The franchisee of green thumb gives a positive account of his 28 000 investment and the. Already working under an established name. A true business format franchise occurs when the owner of a business the franchisor grants a licence to another person or business the franchisee to use their business idea often in a specific geographical area.

Possible benefits to becoming a franchisee could be. Franchises are a significant part of business life in. This is the most common form of franchising. A franchisor grants a licence the franchise to another business the franchisee to allow it to trade using the brand or business format.

It does this by providing the person or other business with a licence. Radio 1 s dj greg james explores the franchise business model of walls ice cream while at the reading festival. A look at a franchise gardening business from the point of view of a franchisee and the franchise owner. The franchisor is the business whose sells the right to another business to operate a franchise they may run a number of their own businesses but also may want to let others run the business in other parts of the country.