Who are the persons included in Franchise ?
Answers
Answered by
1
1. What is franchising?
The general concept
In simple terms, franchising is the granting of various rights by one party (the franchisor) to another (the franchisee), which are sufficient to enable the franchisee to develop and operate a "clone" of the franchisor's business concept in return for payments to the franchisor. The franchisee then exercises those rights and runs its business under the guidance of the franchisor.
The consumer's perception should be that there is no difference between one of the franchisor's own corporate outlets and a franchised one. The franchisor is licensing the franchisee the right to use its business format; hence the term 'business format franchising'. However, that right to use the business format is for a limited period of time. The franchisee gains no interest in the actual ownership of the format or the associated brand and trade marks. The rights the franchisee enjoys are similar to those of a tenant when leasing a house or commercial property. During the period of the lease the tenant has full enjoyment of the premises, but the day after the expiry of the lease he has no rights over the property at all.
The general concept
In simple terms, franchising is the granting of various rights by one party (the franchisor) to another (the franchisee), which are sufficient to enable the franchisee to develop and operate a "clone" of the franchisor's business concept in return for payments to the franchisor. The franchisee then exercises those rights and runs its business under the guidance of the franchisor.
The consumer's perception should be that there is no difference between one of the franchisor's own corporate outlets and a franchised one. The franchisor is licensing the franchisee the right to use its business format; hence the term 'business format franchising'. However, that right to use the business format is for a limited period of time. The franchisee gains no interest in the actual ownership of the format or the associated brand and trade marks. The rights the franchisee enjoys are similar to those of a tenant when leasing a house or commercial property. During the period of the lease the tenant has full enjoyment of the premises, but the day after the expiry of the lease he has no rights over the property at all.
Answered by
1
in india franchise mean the age 18 or above
all the adult franchise in india has the right to vote irrespective of age , caste ,religion ,etc....
all the adult franchise in india has the right to vote irrespective of age , caste ,religion ,etc....
Similar questions