express your personal opinion about nonrenewal of ABS-CBN franchise
1. express your personal opinion about nonrenewal of ABS-CBN franchise
Answer:
i think that the nonrenewal of abs cbn franchise is due to they have no funds anymore so they can't pay the renewal of the company
2. do all franchisers sell their franchise?.
Answer:
hope it helps
Explanation:
thanks me later
3. 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.
4. Evaluate the use of 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.
#hope it helps :)
can you mark me as brainliest i just need it thanks in advance, stay safe and godbless
Answer:
A franchise is a proven business system that has been market tested. The franchise has systems in place that allow its franchisees to own and operate under that proven system and brand. There are guidelines in place to ensure that every owner is adhering to those same business practices. Consumers and clients want and expect consistency, one of the key factors why franchise systems succeed. Let’s examine some other considerations when first evaluating a franchise opportunity:
1. The Market. Has a defined market been determined? Is that market in growth mode or is it in decline? Understanding with complete certainty who you will serve helps to determine the viability, and ultimately the profitability, of the franchise.
2. Company History. Researching the officers and management of the franchise along with those who will be supporting your business should provide you with some insight on the franchise’s culture. Look for stability and experience, as franchising is competitive and you want the best team as your partner. All franchises will file a Franchise Disclosure Document (FDD) with their complete business details so you can begin your research. Be aware that the FDD is not forwarded until you have moved along in the discovery process and the franchisor has determined you are a qualified and serious candidate. Articles 1-2-3 will give you their history, ligation, and bankruptcy information.
3. Financial Statements. Article 21 of the FDD contains the franchise’s financial statements. Review them, question them, and consider having a CPA look them over.
4. Level of Investment. You have to begin with a personal inventory of how much you can comfortable invest. All franchise companies will look at your liquid capital (sometimes known as the capital required) your assets-to-liabilities, and your net worth. If you come in undercapitalized, you are more likely to fail and drain the resources of the franchise company, and the franchise is like an ecosystem built for the collective good of all the owners. Be honest with yourself about what you can invest.
5. Training and Support. Look for a support and training system that is comprehensive and has done away with any outdated procedures. You want and need guidance based on what’s actually happening in the marketplace. Also, speak with the other franchise owners in the system and learn from their experience. These owners are a valuable resource and can provide you with concrete solutions to real challenges.
6. Territory. This is covered in article 12 of the FDD. Franchise companies are redefining their metrics when carving out a territory. Depending on your industry and business, look for what’s trending in your territory. Is that territory experiencing growth or decline? Make a visit to City Hall and speak with someone in planning or zoning. Ideally, the franchise company will want this to be a win-win situation; otherwise, everyone loses.
7. Royalties. Check article 6 of the FDD carefully. The franchise should be making money on its royalties, not by providing owners with “other” services. Many of these other services are to third-party vendors and constitute a pass-along expense. A number of franchisors will reward their owners with a sliding royalty scale based on revenue: the more you earn, the less royalty you will pay. Also, look at minimum royalty payments and see if they’re enforced.
8. Restrictions. Information regarding this can be found in Article 8. There have to be some restrictions in order to protect brand identity and consistency across the franchise system. Make sure you understand these issues.
9. Suitability. A franchise agreement lasts generally anywhere from 5 to 15 years. It’s very expensive to back out once you have signed your agreement. Suitability encompasses a personal inventory of your core strengths and skills, and whether or not you will fit with the franchise culture you will be partnering with. Do you see yourself doing this for a long time?
10. Exit Strategy. Think two steps ahead. What if you get ill or have a personal crisis? Plan on how you would exit, whether that would be selling or transferring the business. Keep in mind there are costs to both so ask about those costs upfront.
5. 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.
6. 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
7. 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.
8. insight about franchising
Choose a brand that are well known to the public. In this case, it will attract more audience, hence, consumers.
Also be financially literate enough to make your franchise successful. Be mindful to the suggestions of the costumers to ensure good quality.
9. what is franchising ?
Franchising is a persons license to sell company's products.
10. 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:
#CarryOnLearning11. lengua franchise kahulugan
uri ng wika na ginagamit ng mga tao na nagsasalita ng ibat ibang lenguahe
12. 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.
13. what is a franchised hotel?
Answer:
ok na po yan godbless po
14. relationship of marketing and franchising
Answer:
maybe
Explanation:
thanks again and have any way I could maybe get some sleep tonight I have a ride home with the airport and then we will get a check to the airport and then we will get back with me
15. Tagalog ng Franchise
Ang Tagalog ng Franchise ay Prangkisya.
16. pls franchise renewal of
Answer:
ewnkwbaibajaiabiasknakabaibajqbw
17. 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
18. 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
19. compare the types of franchise
Answer:
The five major types of franchises are: job franchise, product franchise, business format franchise, investment franchise and conversion franchise. Job Franchise.
Explanation:
Answer:
Management Franchise
This franchise focuses on the franchisee managing the franchise.
Business Format Franchise
This type of franchise is perhaps what most people refer to as a typical franchise. This type of franchise is when the franchisor gives the rights to trademarks, trade names, business process and the system in order for the franchisee to sell the product, for a fee.
Product Distribution franchise
This franchise concept is similar to a supplier-distributor relationship. The franchisor is responsible for providing the product and the distributor is then able to sell.
those are clues, well almost answer na pero isummarize nyo in your own words para mas better.goodluck!
20. 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
21. what is international franchising?
Answer:
International Franchising, sometimes known as Master Franchising or Master Licensing, is a method of expansion that new or established franchises can use to move into new geographical areas and market
22. 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.
23. 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
24. Mcdonald's is an example of a franchise.
It is true that Mcdonald's is an example of franchise.
Answer:
McDonald's is a example of brand franchising
25. 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
26. 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
27. what is investments franchise
Answer:
It takes money to start any kind of business, franchises included. Franchising investment options run the gamut from low to high, including start-up costs (franchise fees, equipment, supplies, plus real estate if needed) and reserve capital to keep the business running until it generates positive cash flow.
Pakifollow po ako
28. Is franchising worth the risk?
•Answer•
no, franchises are not less risky than independent businesses.
•Explanation•
hope it's help
29. introduction about 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.
#hope it helps!
30. what is a franchised hotel?
Answer:
A Franchise is the right to use the brand and the business model of a specific parent company for a prescribed period of time. ... In hospitality industry, a Hotel Franchise can be vaguely compared to a chain, since it is a management agreement, that provides certain services (brand, reservation system, support, etc.)
