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7 benefits of expanding your business through franchising

According to the article, Franchising is a form of marketing and distribution with a strong relationship between the franchisor and the franchisee. The franchisor is the owner of the business and brand who grants the right, a licensed privilege to the franchisee (an individual or a group of people) to sell the business’ products and […]

-By Jaankaari Admin
| June 22, 2022
| 5:42 pm

-By Jaankaari Admin
| June 22, 2022
| 5:42 pm

Abstract:

According to the article, Franchising is a form of marketing and distribution with a strong relationship between the franchisor and the franchisee. The franchisor is the owner of the business and brand who grants the right, a licensed privilege to the franchisee (an individual or a group of people) to sell the business’ products and services.

The following are the 7 benefits of franchising:

Strategic Identity
Capital
Ease of Supervision and Management
Constant Growth
Profitability
Purchasing Power
Minimized Risk

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