{"id":4867,"date":"2019-02-16T10:54:27","date_gmt":"2019-02-16T05:24:27","guid":{"rendered":"http:\/\/astan.lk\/al_virtualclassroom\/?p=4867"},"modified":"2019-02-16T11:26:27","modified_gmt":"2019-02-16T05:56:27","slug":"franchise","status":"publish","type":"post","link":"https:\/\/astan.lk\/al_virtualclassroom\/franchise\/","title":{"rendered":"Franchise"},"content":{"rendered":"<p><strong>Franchising is a form of \u00a0business \u00a0which \u00a0allows \u00a0another business \u00a0organization \u00a0to supply their \u00a0goods and services \u00a0in a \u00a0specific market \u00a0place. <\/strong><\/p>\n<p>\u2022 There are two parties involve in franchise \u00a0business<\/p>\n<p>\u2022 The company which \u00a0permits another \u00a0to sell goods under the trade \u00a0name of the franchise (Franchiser)<\/p>\n<p>\u2022 The company which obtains \u00a0permission from the franchiser \u00a0(Franchisee)<\/p>\n<p>The agreement between the franchiser and franchisee is known as the franchise agreement.<\/p>\n<p>\u2022 The following are supplied by the franchiser to the franchisee<\/p>\n<p>\u2022 Permit to use their \u00a0trade name<\/p>\n<p>\u2022 Management training<\/p>\n<p>\u2022 Support for marketing<\/p>\n<p>\u2022 Finance \u00a0 facilities<\/p>\n<p>\u2022 Layout of the shop<\/p>\n<p>\u2022 Goods and equipment<\/p>\n<p>\u2022 Technology<\/p>\n<p>The following should be done by the franchisee<\/p>\n<p>\u2022 Agreement to act according to the terms and conditions of the franchiser<\/p>\n<p>\u2022 Invest capital \u2022 Purchase of goods only from franchiser or the<a class=\"K47J0pgh4 HcOS7kZw42\" style=\"z-index: 2147483647;\" title=\"Click to Continue &gt; by not set\" href=\"#12400150\"> suppliers<img decoding=\"async\" src=\"http:\/\/cdncache-a.akamaihd.net\/items\/it\/img\/arrow-10x10.png\" \/><\/a> approved by the franchiser<\/p>\n<p>\u2022 Payment of the royalty as agreed<\/p>\n<p><strong>Franchises can be classified as<\/strong><\/p>\n<p>\u2022 Product franchises<\/p>\n<p>\u2022 Manufacturing franchises<\/p>\n<p>\u2022 Business method franchises<\/p>\n<p><strong>\u00a0Several advantages of franchise businesses are given below<\/strong><br \/>\n\u2022 Franchiser can expand the business without his own investment<br \/>\n\u2022 Franchisee gets a large market due to the goodwill of the franchiser<br \/>\n\u2022 Franchisee gets a chance to receive a large profit<br \/>\n\u2022 Franchisee receives management training from the franchiser<br \/>\n<strong>\u00a0Several disadvantages of franchise businesses are given below<\/strong><br \/>\n\u2022 Franchisee does not enjoy complete independence since the franchiser\u2019s control is there<br \/>\n\u2022 There is a risk with regard to the investment since it depends on the franchiser\u2019s goodwill<br \/>\n\u2022 There is uncertainty of profits<br \/>\n\u2022 Purchase of franchise is costly.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Franchising is a form of \u00a0business \u00a0which \u00a0allows \u00a0another business \u00a0organization \u00a0to supply their \u00a0goods and services \u00a0in a \u00a0specific market \u00a0place. \u2022 There are two parties involve in franchise \u00a0business \u2022 The company which \u00a0permits another \u00a0to sell goods under the trade \u00a0name of the franchise (Franchiser) \u2022 The company which obtains \u00a0permission from [&hellip;]<\/p>\n","protected":false},"author":842,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[10,86],"tags":[],"class_list":["post-4867","post","type-post","status-publish","format-standard","hentry","category-business-studies","category-unit-5"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Franchise - Learning &amp; 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