Topic 1.4.2 Franchising Flashcards
(3 cards)
1
Q
What is Franchising?
A
paying a franchise owner for the
right to use an established business name,
branding and business methods.
2
Q
What are Royalties?
A
percentage of the sales revenue to be
paid to the overall franchise owner.
3
Q
What is a Entrepreneur?
A
a person who sets up a
business and takes on financial risks in the hope of profit.
