1. How to select a Franchise Location in the Philippines?2. How does a business become a Franchise?
1. 1. How to select a Franchise Location in the Philippines?2. How does a business become a Franchise?
Answer:
1. choose the best location or the popular location
2. As a franchisor you’ll be granting franchisees the right to develop and open new locations using your trademarks, business systems, suppliers, training, and on-going support. Franchisees will pay you fees that include an initial franchise fee and on-going royalties and will invest the capital needed to open new locations under your brand.
hope it helps
2. What is the importance of franchise agreement in tourism and hospitality industry? And if given a chance will you franchise a business? What business will you franchise and how will you manage the franchise business?
Answer:
Franchising is an important part of the tourism and hospitality industry, as it allows business owners to expand their business with the help of an established brand. By franchising, business owners can benefit from the marketing, operational, and financial support of the franchisor. This makes it much easier for the business owner to open and operate a successful business.
If given a chance, I would franchise a restaurant business. I would manage the franchise business by ensuring that I follow all the guidelines and procedures provided by the franchisor. I would also hire competent staff and provide the best customer service possible. I would ensure that the restaurant follows the franchisor’s menu and pricing guidelines, as well as all operational policies. I would also make sure that the restaurant is up-to-date with the latest trends in the food industry. Finally, I would actively seek out new customers and promote the business within the local community.
3. how can franchising be a method of expansion
Answer:
i dont know either cause i didnt studt it
Answer:
Partnering with other business owners via franchising helps franchisors gain insight into areas where a market might exist for their product or service, but they might not be familiar with. Third, franchising also allows for the business to expand without spreading its top level managerial resources across too thin.
4. list downthe factors why one should franchise and why not. about siomai franchise
Answer:
1. easy to sell because people eat anytime
2. cheap product
3. delicious
4.no need a large spaced
5.it's a quick meal of hungry passerby and it's affordable to costumer
Explanation:
The factor why not to franchise siomai
1. it need a large amount of money to franchise
2.attend franchising seminar
3. Study the place before you put a stand if its high sales
5. What is franchising
Answer:
Franchising is based on a marketing concept which can be adopted by an organization as a strategy for business expansion, It help us to know the procedures, intellectual property, use of its business model, brand, and rights to sell its branded products and services.
6. Explain how there will be unfair competition for an ice cream franchise.
Answer:
because it's summer and because it's summer it's hot
outside
7. lengua franchise kahulugan
uri ng wika na ginagamit ng mga tao na nagsasalita ng ibat ibang lenguahe
8. is franchise a right or privilege
Answer:
Such right is guaranteed by the Fifteenth, Nineteenth, and Twenty-fourth Amendments to the U.S. Constitution. As granted by a professional sports association, franchise is a privilege to field a team in a given geographic area under the auspices of the league that issues it. It is merely an incorporeal right.But we should all be reminded that under the law, the grant of a franchise is not a right, but a privilege.
9. How has each type of media convergence appeared in the history of the Harry Potter franchise?
Answer:
sry po dont understand paki explain
10. Do you think, it is vital to study franchise law if you want to engage into franchising?
Answer:
Yes, before engaging into a franchising business it is important to have a sufficient knowledge about this type of business in order to know what are the do's and don'ts.
11. who has enough money to have a franchise business and knowledge of franchising a business, what do you think would be the best franchise business despite the pandemic we are experiencing right now?
Answer:
sorry im not brainly enough
someone can help u
12. How can we be productive during the pandemic period? about franchise.
Answer:
you can be productive in this pandemic by following the rules that given to us.
for example "wear your facemask etc.
Explanation:
i hope nakatulong po
13. how could you start a business and then later make it into your own franchising business for purposes of expansion?
Explanation:
If you think the franchise business model is only for restaurants, think again.
ACE Hardware, Pearle Vision, Marriott International, RE/MAX, The UPS Store and Orangetheory Fitness are some of the non-restaurant companies that have grown by franchising. Franchising can bring your business to new markets with partners full of local knowledge to make it successful. This can increase chances for growth while arguably lowering the risk for the franchisor by having the financial liability shared by both parties.
There are three main things to work through when determining if your business would be a good fit for a franchise model:
Good ROI. Prove your business is profitable and that someone who invests the time and resources into your business can expect the same return on his or her investment.
Simple operations. Can someone else follow your playbook and be successful? If the answer is "maybe," first work to streamline your operations without sacrificing quality or ROI.
Support. Can you support someone else and his or her needs as he or she establishes a franchise of your business? Your job will turn from running a business to supporting someone else and setting him or her up for success. Get a team in place that can make this a reality.
14. 1. How has each type of media convergence appeared in the history of the Harry Potter franchise?
Answer:
One way that professional media has engaged with media convergence is through transmedia storytelling, in which stories are told across multiple platforms. Although it is intimately connected to brands and franchises being spread across media by corporate conglomerates (e.g., Star Wars, The Matrix, Harry Potter, various Disney franchises), it does not simply refer to the adaptation of content from one platform to another (e.g., films and film characters providing the basis for toys and games).
15. how does franchising help growing economy of the philippines?
Answer:
MANILA, Philippine—Franchising can play a crucial role in sustaining the country's robust economy because not only can it create job opportunities, boost consumption growth and promote tourism, it can also greatly contribute to the nation's coffers.16. pls franchise renewal of
Answer:
ewnkwbaibajaiabiasknakabaibajqbw
17. what is franchising ?
Franchising is a persons license to sell company's products.
18. how could you start a business and then later make it into your own franchising business for purposes of expansion
How to start a business?Performing a market analysis. Market research will show you whether there is a chance to turn your idea into a successful business. It's an opportunity to discover more about established local businesses and potential customers. Utilize that knowledge to provide your organization a competitive edge.Construct a business plan. Your company's business plan is its foundation. It serves as a manual for establishing, running, and expanding your new company. You'll use it to convince others that working with you or investing in your company is a smart choice.Funding for your business. With the help of your business plan, you can estimate how much cash you'll need to launch your company. If you don't already have that much available, you'll need to raise money or borrow money. Thank goodness, you have more options than ever to get the money you need.Decide where to put your business. Where to locate your business will be among your most important decisions. Your taxes, legal requirements, and income may be impacted by the choices you make when opening a brick-and-mortar or online store.Select a corporate organization. Your personal obligations, tax liabilities, and the steps involved in registering your firm will be impacted by the business structure you choose.Pick a name for your business. The ideal name is challenging to decide on. You'll want one that perfectly captures your brand and personality. You should also make sure that no one else is already utilizing the name of your proposed business.Register the business. Once you've settled on the perfect business name, register it to protect your brand. If you operate business using a name other than your own, you must register with the federal government and maybe your state government.Ask the federal and state administrations for tax identification numbers. You'll need an employment identification number (EIN) to start and grow your business, as well as to complete operations like opening a bank account and paying taxes. For your company, this serves as the equivalent of a social security number. Some states, but not all, require you to also have a tax ID.Submit applications for licenses and permits. Obey the law to keep your business running smoothly. You might require several licenses and approvals, depending on your business's industry, state, region, and other factors.Establish a bank account for your business. You may manage ongoing commercial, tax, and legal concerns with a small business checking account. The good news is that setting one up is easy if you have the required registrations and paperwork ready.
To learn more about business planning, just click the link below:
https://brainly.ph/question/6983008
#SPJ5
19. 3. Claims about ABS-CBN franchise application franchise?
Explanation:
thank you god blesthank you god blesthank you god blesthank you god blesthank you god blesthank you god blesthank you god blesthank you god blesthank you god blesthank you god blesthank you god blesthank you god blesthank you god blesthank you god blesthank you god blesthank you god blesthank you god blesthank you god blesthank you god blesthank you god blesthank you god blesthank you god blesthank you god bles
Answer:
wala sirado na ang abs cbn , kapamilya channel nalang
20. How will you deal with franchised system offered?
Answer:
to talk to ther person explain
21. why is there a need that franchiser has to supply tangible intangible products services to franchises?
Answer:
Choosing a Service Franchise or a Product Franchisewww.franchisehelp.com › franchisee-resource-center
Since their brand is associated with a tangible good they must guarantee the desired quality from the consumer's expectation. Franchisees must purchase the goods from a designated supplier and must keep items in their inventory as suggested by the franchisor.
22. franchising is about relationship, how can you consider it as an advantage and a disadvantage of franchisi.
Answer:
HOPE IT HELPS..
Explanation:
*DISADVANTAGES
High initial investment.
Limited creativity.
Lack of privacy.
Decreased profits.
Shared information.
Less control.
Damaged reputation.
Geographical location.
*ADVANTAGES
Business assistance. One of the benefits of franchising for the franchisee is the business assistance they receive from the franchisor. ...
Brand recognition. ...
Lower failure rate. ...
Buying power. ...
Profits. ...
Lower risk. ...
Built-in customer base. ...
Be your own boss.
23. What are the advantages and disadvantages of franchising? Are you in favor of franchising or not? Why?
Answer:
i need point sooryy
Explanation:
pa brainlest na lang po ako
Answer:
Advantages of franchising
dvantages of franchisingThe risk of business failure is reduced by franchising. Your business is based on a proven idea. You can check how successful other franchises are before committing yourself.dvantages of franchisingThe risk of business failure is reduced by franchising. Your business is based on a proven idea. You can check how successful other franchises are before committing yourself.Products and services will have already established a market share. Therefore there will be no need for market testing.dvantages of franchisingThe risk of business failure is reduced by franchising. Your business is based on a proven idea. You can check how successful other franchises are before committing yourself.Products and services will have already established a market share. Therefore there will be no need for market testing.You can use a recognised brand name and trade mark. You benefit from any advertising or promotion by the owner of the franchise - the 'franchisor'.dvantages of franchisingThe risk of business failure is reduced by franchising. Your business is based on a proven idea. You can check how successful other franchises are before committing yourself.Products and services will have already established a market share. Therefore there will be no need for market testing.You can use a recognised brand name and trade mark. You benefit from any advertising or promotion by the owner of the franchise - the 'franchisor'.The franchisor gives you support - usually as a complete package including training, help setting up the business, a manual telling you how to run the business and ongoing advice.dvantages of franchisingThe risk of business failure is reduced by franchising. Your business is based on a proven idea. You can check how successful other franchises are before committing yourself.Products and services will have already established a market share. Therefore there will be no need for market testing.You can use a recognised brand name and trade mark. You benefit from any advertising or promotion by the owner of the franchise - the 'franchisor'.The franchisor gives you support - usually as a complete package including training, help setting up the business, a manual telling you how to run the business and ongoing advice.No prior experience is needed as the training received from the franchisor should ensure the franchisee establishes the skills required to operate the franchise.Disadvantages of franchising
isadvantages of franchisingCosts may be higher than you expect. As well as the initial costs of buying the franchise, you pay continuing management service fees and you may have to agree to buy products from the franchisor.isadvantages of franchisingCosts may be higher than you expect. As well as the initial costs of buying the franchise, you pay continuing management service fees and you may have to agree to buy products from the franchisor.The franchise agreement usually includes restrictions on how you can run the business. You might not be able to make changes to suit your local market.isadvantages of franchisingCosts may be higher than you expect. As well as the initial costs of buying the franchise, you pay continuing management service fees and you may have to agree to buy products from the franchisor.The franchise agreement usually includes restrictions on how you can run the business. You might not be able to make changes to suit your local market.You may find that after some time, ongoing franchisor monitoring becomes intrusive.isadvantages of franchisingCosts may be higher than you expect. As well as the initial costs of buying the franchise, you pay continuing management service fees and you may have to agree to buy products from the franchisor.The franchise agreement usually includes restrictions on how you can run the business. You might not be able to make changes to suit your local market.You may find that after some time, ongoing franchisor monitoring becomes intrusive.The franchisor might go out of business.Other franchisees could give the brand a bad reputation, so the recruitment process needs to be thorough.Other franchisees could give the brand a bad reputation, so the recruitment process needs to be thorough.You may find it difficult to sell your franchise - you can only sell it to someone approved by the franchisor.Yes, because it has many benefitsCAPITALMOTIVATED AND EFFECTIVE MANAGEMENTFEWER EMPLOYEESSPEED OF GROWTHREDUCED INVOLVEMENT IN DAY-TO-DAY OPERATIONSLIMITED RISKS AND LIABILITYLIMITED RISKS AND LIABILITYINCREASING BRAND EQUITYLIMITED RISKS AND LIABILITYINCREASING BRAND EQUITYADVERTISING AND PROMOTIONLIMITED RISKS AND LIABILITYINCREASING BRAND EQUITYADVERTISING AND PROMOTIONCUSTOMER LOYALTYLIMITED RISKS AND LIABILITYINCREASING BRAND EQUITYADVERTISING AND PROMOTIONCUSTOMER LOYALTYINTERNATIONAL EXPANSIONExplanation:
#CarryOnLearning24. what is the advantage of franchising?
Answer:
Franchisors use the power of franchising as a system to build customer loyalty- to attract more customers and to keep them. International expansion is easier and faster, since the franchisee posesses the local market knowledge.
Explanation:
Advantage: Franchisees may be more talented at growing the business and turning a profit than employees would be.
Disadvantage: Franchisors earn royalties from sales. Franchisees earn money from profits. Achieving growth in both isn't always possible, potentially causing conflict
25. How do social media affect the businesses especially the franchising industry
Answer:
Your business can benifit from social media because you can easily promote it to a lot of people.
26. identify one local franchise that is present in your city and cite a brief description about the said franchise and it's unique features that distinguish or set apart from other franchise
Answer:
local transportation franchise
27. what is a franchising business?
Answer:
method of distributing products or services involving a franchisor, who establishes the brand’s trademark or trade name and a business system, and a franchisee, who pays a royalty and often an initial fee for the right to do business under the franchisor's name and system. Technically, the contract binding the two parties is the “franchise,” but that term more commonly refers to the actual business that the franchisee operates. The practice of creating and distributing the brand and franchise system is most often referred to as franchising.
Explanation:
hope it helps
Answer:
A frachise is a type of business that is owned and operated by an individual (franchisee) but that is branded and overseen by a much larger—usually national or multinational—company (the franchisor).
#CarryOnLearning
#Jamaica
28. what is a franchised hotel?
Answer:
ok na po yan godbless po
29. How many franchise does 711 has in the world?
Answer:
7-Eleven is the world's largest chain of convenience stores with over 36,000 stores in 15 countries and regions around the world. This is supported by the philosophy of "Retailer Initiative".
30. do all franchisers sell their franchise?.
Answer:
hope it helps
Explanation:
thanks me later
