1. prior to entering into the franchise relationship should the franchisor run a pilot franchise opreation?...
1. prior to entering into the franchise relationship should the
franchisor run a pilot franchise opreation?
2. what information should a franchisor request from the
franchisee?
3. what information should a franchisor give to a prospective
franchisee?
write short answer as much as you can
Homework Answers
The franchisor should surely run a pilot franchisee Operation because it helps to ensure that the franchise would work as viable business for both franchisor and franchisee. It enables the franchisor to Test , perfect and develop the business concept.
2. Some of the information that franchisor should request from franchisee are :
Details of business previously operated , Detail of parent subsidiary or group companies , Career and Employment History , Amount of capital available , Financial records , Ability to expand the business, Information about directors or board members etc.
3. Some of the information that the franchisor should give to the franchisee are :
Corporate structure of business, Type of business format and product line, Earlier business experience, Litigations involved in, Financial status, Information about brand name and Goodwill, Funds expected and operational details etc.
Happy Chegging !!
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1. prior to entering into the franchise relationship should the
franchisor run a pilot franchise opreation?...
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is as follows
1.On January 1, 2020, Martinez signed an agreement to operate as
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fee of $77,500. Of this amount, $15,500 was paid when the agreement
was signed, and the balance is payable in 4 annual payments of
$15,500 each, beginning January 1, 2021. The agreement provides
that the down payment is not refundable and no future services are
required of the franchisor....
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information concerning Martinez Corporation’s intangible assets
is as follows
1.On January 1, 2020, Martinez signed an agreement to operate as
a franchisee of Hsian Copy Service, Inc. for an initial franchise
fee of $77,500. Of this amount, $15,500 was paid when the agreement
was signed, and the balance is payable in 4 annual payments of
$15,500 each, beginning January 1, 2021. The agreement provides
that the down payment is not refundable and no future services are
required of the franchisor....
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