Right To Information Act Merits And Demerits - amazonia.fiocruz.br

Right To Information Act Merits And Demerits Video

Franchising is based on a marketing concept which can be adopted by an organization as a strategy for business expansion.

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Where implemented, a franchisor licenses its know-how, procedures, intellectual property, use of its business modelbrand, and rights to sell its branded products and services to a franchisee. In return the franchisee pays certain fees and agrees to comply with certain obligations, typically set out in a Franchise Agreement. The word "franchise" is of Anglo-French derivation—from francmeaning free—and is used both as a noun and as a transitive verb. Adopting a franchise system business growth strategy for the sale and distribution of goods and services minimizes the franchisor's capital investment and liability risk.

Franchising is not an equal partnership, especially due to the link advantages the franchisor has over the franchisee.

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But under specific circumstances like transparency, favourable legal conditions, financial means and proper market research, franchising can be a vehicle of success for both franchisor and franchisee. Thirty-six countries have laws that explicitly regulate franchising, with the majority of all other countries having laws which have a direct or indirect effect on franchising. The boom in franchising did not take place until after World War II. Nevertheless, the rudiments of modern franchising date back to the Middle Ages when landowners made franchise-like agreements with tax collectors, who retained a percentage of the money they collected and turned the rest over.

There was little growth in franchising, though, until the midth century, when it appeared in the United States for the first time.

One of the first successful American franchising operations was started by an enterprising druggist named John S. Inhe concocted a beverage comprising sugar, molasses, spices, and cocaine.

Pemberton licensed selected people to bottle and sell the drink, which was an early version of what is now known as Coca-Cola. His was one of the earliest—and most successful—franchising operations in the United States.]