explain why international companies like to open their franchise in LEDCs country? What are the impacts of this company to the country.
Answers
Answer:
I don't know is it correct or not
Explanation:
A company may elect to franchise within foreign markets because it would enable companies to employ uniform business models in a variety of locations. ... Thus franchises can be introduced into markets abroad and obtain shares with them markets without financial investments
Answer:
There are three major types of franchises – business format, product, and manufacturing – and each operates in a different way.
LEARNING OBJECTIVES
List the different types of franchises
KEY TAKEAWAYS
Key Points
A business format franchise is a franchising arrangement where the franchisor provides the franchisee with an established business, including name and trademark, for the franchisee to run independently.
A product franchise is a franchising agreement where manufacturers allow retailers to distribute products and use names and trademarks.
A manufacturing franchise is a franchising agreement where the franchisor allows a manufacturer to produce and sell products using its name and trademark.
Key Terms
franchise: The authorization granted by a company to sell or distribute its goods or services in a certain area.