BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -This type of franchising is commonly used to market automobiles (such as Chevrolet), soft-drinks (such as Coca-Cola) and appliances. It is worth mentioning that these two types of franchising give franchisees some sort of franchisor’s identity.

Detailed explanation-2: -A franchise (or franchising) is a 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.

Detailed explanation-3: -Examples of product distribution franchises include Coca-Cola, John Deere, and Ford Motor Company. Business Format Franchise – The Business Format Franchise is the most common franchise model.

Detailed explanation-4: -Franchising is a distribution form based on a partnership in which independent company founders (franchisees) use a franchisor’s already-successful business concept to set up their own business.

Detailed explanation-5: -Most franchises fall under the business format type where the franchisor licenses a business format, operating system, and trademark rights to its franchisees.