A Look At The Franchise Business Model - 0 views
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Fernando Lachica on 15 Mar 12A franchise is a business or establishment owned and run by an independent business operator that is allowed to make use of an existing company's business practices, products, services, or brand name in exchange for payment of fee, royalties earned on product sold, or compliance with other pre-established conditions. Since the 1930's the growth ofthe franchise has only continued to accelerate by leaps and bounds and shows no signs of stopping anytime soon. As such, franchise businesses are very popular choices among those who are looking to open up their own establishment.