Practicing Success
Which of the following is most popular type of franchising? |
Product franchise business opportunity
Manufacturing franchise opportunity
Business franchise opportunity ventures
Business format franchise opportunity |
Business format franchise opportunity |
Business format franchise opportunity: This is the most popular form of franchising. In this approach, a company provides a business owner with a proven method for operating a business using the name and trademark of the company. The company usually provides a significant amount of assistance to the business owner in starting and managing the company. The business owner pays a fee or royalty in return. Typically, a company also requires the owner to purchase supplies from the company. |