franchising Flashcards by Olivia Marshall

Q

what is the franchisor?

A

the business eg. kfc

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Q

what is the franchisee?

A

the entrepreneur

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Q

what is an advantage?

A

pay for all advertising

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Q

what is a disadvantage?

A

royalty fees

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Q

what is meant by royalty fees?

A

a % of your profit

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