Benefit Of Franchisee Flashcards
(7 cards)
1
Q
1
A
Becoming a franchisee means paying to use another
businesses brand name
2
Q
2
A
Already have a well-known name
3
Q
3
A
Already have loyal customers to the brand
4
Q
4
A
Price inelastic
5
Q
5
A
Franchisee can increase prices if allows with franchisor as customers willing to pay more
6
Q
6
A
Increased revenue and gross profit
7
Q
7
A
More retained profit to reinvest in opening further franchises
