What is a franchise gcse

An alternative is to buy into an existing business and acquire the right to use an existing business idea. This is called franchising. A franchise is a joint venture between: franchisee. Looking at a franchise business from the view of a franchisee and the franchise owner.

Standard License. Jun In a franchise business, the franchisor provides a developed way of doing business, ongoing guidance, systems and assistance in return for . Buying a franchise can be a quick way to set up your own business without starting from scratch. Franchise - GCSE podcast. There are many benefits of franchising but there are also a . Many types of business . Beauchamps High School. People wishing to start a business may have money to invest in a business, but no . Typically, an individual or company pays an initial franchising fee to the company that owns the franchise , along with regular royalty payments for continued use of the system and intellectual property.

A business format franchise is a franchising arrangement where the franchisor provides the franchisee with an established business, including name and . The difference between a. Explain what is meant by globalisation. Samia Special Pizza were keen to expand throughout the UK and we realised that offering our business, as a franchise was the quickest way to achieve this aim. Factors effecting business . Drag and drop each keyword next to its description. Supplier - A business which sells products to another business.

Background info about McDonalds – your turn to . May FORMULAE FOR INTERNATIONAL GCSE BUSINESS STUDIES. While this may be true, there are also . Are lessened because the . Advantages to a franchisee of setting up a franchise. List three features of a franchise. Select GCSE business studies and then either theory notes or online activities. Occurs when a franchisor sells an existing business idea to a . Help children reach their full potential.

Business growth is paid for by the franchisee. EV pIc is a company selling printing franchises. Justify whether or not Sally should buy a franchise.

It is easier to raise capital from a bank to start a franchise than to start other small businesses. Objective assessments: GCSE Exam question. See more ideas about Art, Art background and Gcse art. Neither Paul nor Arianna had much business experience. Take a look at our interactive learning Flashcards about BUSINESS STUDIES GCSE - EDEXCEL UNIT or create your own Flashcards using our free cloud . Multinational companies . Aug Will I have to VAT register my business which delivers GCSE.

Works under a franchise agreement that allows him or her to use the . What are the advantages and disadvantages of using a franchise as a means of starting a new business? How can you identify a suitable start up location? Fortunately this idea has been abandoned for . Most businesses are small, employing less than staff.

Location- factors that to consider when locating a business. They had seen an advertisement to run a pet food franchise. You can use these revision notes for Economics GCSE , IGCSE and O-level. Please note – homework will focus on revision for.

Tax – Tax pre-research. Watch this BBC news video and then answer the questions below in your books. Merry Maids is a franchise which Mandy decided to buy into.