ENTREPRENEURSHIP

Detailed explanation-1: -Product Distribution Franchise: A supplier-dealer relationship, product distribution franchises simply sell the products of the franchisor in their area of operation. The franchisor usually only licenses their trademark and logo but does not provide the whole system of running the business.

Detailed explanation-2: -Product (or Distribution) Franchise Product distribution franchising represents the highest percentage of total retail sales. Some well-known product distribution franchises are Exxon, Texaco, GoodYear Tires, Ford, Chrysler, John Deere and other automobile producers.

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. The franchise system that is established serves the purpose of economic expansion.