MOORE 04-22-02 FRANCHISING: A franchise, by definition is a well-grounded agreement that allows one organization with a product, idea, name or trademark to grant certain advanceds and information about operating(a) a logical argument to an independent job owner. In return, the business owner (franchisee) p ays a fee and royalties to the owner. This one-time fee paid by the franchisee to the franchisor is referred to as a franchise fee. The fee pays for the business concept, practiceds to utilisation trademarks, management assistance and other services from the franchisor. This fee gives the franchisee the right to open and operate a business using the franchisor’s business ideas and products. A royalty fee is a unfailing fee paid by the franchisee to the franchisor. The royalty fee is normally a percentage of the gross revenue earned by the franchisee. The Federal Trade Commission ...If you want to get a full essay, order it on our website: BestEssayCheap.com
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