Question

the parties involved in franchise business are ?

Answer 1

Answer:

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Answer 2

There are two parties involved in the franchise business which are, the franchisee, and the franchisor.

• A franchise (or franchising) is a means of distributing goods or services which also involves a franchisor and a franchisor. That is a type of license or an agreement between two parties. Franchising is a marketing approach that is becoming increasingly popular as a tool for business expansion. When a business with a proven business strategy wishes to expand its market share, it can consider creating a franchise for its products or services. A franchise is similar to a joint venture between two companies that desire to expand their operations.
• A franchisor sets up the company's registered trademark as well as a business system, and a franchisee pays a royalty and often an upfront fee for the right to do business under the franchisor's name and system. To use a franchise, the franchisee must pay an upfront fee (lump sum payment) to obtain the rights to use the franchisor's business model.
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