Question

of the following statements regarding franchising your own business, which of the following is accurate? Franchised outlets typically under perform company outlets in terms of sales volume. Franchisees are typically less motivated than hired managers since the business is not their own. Franchisees are more unlikely to leave in the short-term so you can realize a better return from investment in long-term training and de Through franchising you can grow your organization, however, overhead will increase proportionately,

Answer 1

Franchise is a marketing concept adopted to develop an organization through its business strategy through expansion of the business. The franchiser licenses the complete process, procedures and know how of the product and sells it to the franchise under certain conditions . The franchisee in turn pays some amount as fees and agrees to follow the rules mentioned in the agreement.

Franchisees are most unlikely to leave In the short time  ,so you can realise a better return of investment in long term training and development.

It is a growth strategy of business for both franchise and the franchiser. The business will thrive a very long time and witness a win win situation.