Business, 13.11.2019 03:31 christian5668

What is the formation of a franchise ?

Answers: 2

Show answers

Answers

Franchise is the method where the business is expanded by opening outlets and that are to run or operated by the independent owners. The process or procedure of franchise is costly but will be regarded as an investment.

Explanation:

Formation or Steps of Franchise

1. Measure the Pros and Cons - Before starting a franchise, one should use a tested and a tried business model. As it will provide helpful services like advertising, training and business advice.

2. Select the Right Franchise - It is vital to choose a franchise which suits goals, personality and skills of the person. I

3. Formation of LLC (Limited Liability Company) or Corporation - It is advantageous or beneficial for the person to start the franchise as a corporation or LLC. In both the cases, whether LLC and a corporation offers or provides liability protection and the tax breaks which are beyond the reach of the sole proprietor.

4. Conduct Research on Market Conditions and Opportunities of Franchise -Need to have a good understanding of the conditions of the local market . And in order to locate good opportunities of franchising, require the assistance of a franchising consultant. One should make sure that while choosing the franchise should have the following characteristics:

a. Sufficient experience

b. Reasonably quick time to profitability

c. Affordable initial and ongoing costs

5. Need to create a Business Plan - Well-written business plan will help the person to be in state of being organized and deliver better pitches to the investors. The business plan must include the following:

a. Company protocol

b. Rules

c. Training manual for Employee

6. Have a Secure Financing - When starting a franchise, the person should have sufficient amount of capital in order to cover the initial franchise fee and the startup costs.

7. Sign the Franchise Agreement or Contract - Last step is to sign the contract and then can start the business.

Answer from: Quest

answer; the correct answer should be (demonstrations); good luck

Answer from: Quest

i think the answer would be b hope this

Other questions on the subject: Business

Business, 22.06.2019 19:10, keenansimpkinsoy0oqc

Imagine us is a startup that offers high definition 3d prenatal ultrasounds for high-end customers. the service process includes four activities that are conducted in the sequence described below. (the time required for each activity is shown in parentheses): activity 1: welcome a patient and explain the procedure. (20 minutes)activity 2: prep the patient (e. g., show them to the room, apply ultrasound gel). (17 minutes) (*your id number represents the amount of time needed to complete this task)activity 3: take images. (5 minutes)activity 4: discuss diagnostic with patient. (20 minutes)at each location there are employees (servers) s1, s2, and s3. the assignment of tasks to servers is the following: s1 does activities 1 and 2.s2 does activity 3.s3 does activity 4.a. what is the capacity of this process (in customers per hour)? b. suppose 3 patients arrive every hour on average. ignoring any “start of day” or “end of day” effects, what are the utilizations of all three servers (%)? c. suppose each activity can be done by any server and any server can do any set of activities. however, each activity is done by only one server. for example, a possible assignment includes: s1 does activity 1, s2 does activity 2, and s3 does activities 3 and 4. of course, the original assignment of servers to activities is also feasible. what is the maximum capacity of the process (in customers per hour)? d. now consider the capacity measures in (c) and (a), what is the percentage change? why can you improve capacity without using additional resources? (there is no free lunch, right? )note: for all hw assignments, show your process of getting the results. only providing the final answers is not acceptable and will get 0%. if necessary, use a separate sheet of paper to show your work.

Answers: 3

continue

Business, 22.06.2019 19:10, saabrrinnaaa

Do it! review 16-3 the assembly department for right pens has the following production data for the current month. beginning work in process units transferred out ending work in process 0 22,500 16,000 materials are entered at the beginning of the process. the ending work in process units are 70% complete as to conversion costs. compute the equivalent units of production for (a) materials and (b) conversion costs. materials conversion costs the equivalent units of production

Answers: 2

continue

Business, 22.06.2019 21:10, cece3467

Kinc. has provided the following data for the month of may: inventories: beginning ending work in process $ 17,000 $ 12,000 finished goods $ 46,000 $ 50,000 additional information: direct materials $ 57,000 direct labor cost $ 87,000 manufacturing overhead cost incurred $ 63,000 manufacturing overhead cost applied to work in process $ 61,000 any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold. the adjusted cost of goods sold that appears on the income statement for may is:

Answers: 3

continue

Business, 22.06.2019 22:00, thruhdyjgrt

Acompany's sales in year 1 were $300,000, year 2 were $351,000, and year 3 were $400,000. using year 2 as a base year, the sales percent for year 3 is