Difference between revisions of "Franchise"

From CNM Wiki
Jump to: navigation, search
(Related coursework)
 
Line 5: Line 5:
 
According to [[College Accounting: A Practical Approach by Slater (13th edition)‎]],
 
According to [[College Accounting: A Practical Approach by Slater (13th edition)‎]],
 
:[[Franchise]]. A right granted by a business or government to produce or sell goods in a specific geographic region. Examples are Burger King and Holiday Inn.
 
:[[Franchise]]. A right granted by a business or government to produce or sell goods in a specific geographic region. Examples are Burger King and Holiday Inn.
 +
According to the [[Corporate Strategy by Lynch (4th edition)]],
 +
:[[Franchise]]. A form of co-operative strategy in which a firm (the franchisor) develops a business concept and then offers this to others (the franchisees) in the form of a contractual relationship to use the business concept. Typically, the franchisee obtains a tried-and-tested business formula in return for paying a percentage of its sales and agreeing to tight controls from the franchisor over the product range, pricing, etc.
  
 
==Related concepts==
 
==Related concepts==
Line 12: Line 14:
 
*[[Principles of Accounting]].  
 
*[[Principles of Accounting]].  
  
[[Category: International Accounting]][[Category: Articles]]
+
[[Category: International Accounting]][[Category: Articles]][[Category: Strategic Management]]

Latest revision as of 17:11, 10 July 2020

Franchise is a right granted by a business or government to produce or sell goods in a specific geographic region. Examples are Burger King and Holiday Inn.


Definitions

According to College Accounting: A Practical Approach by Slater (13th edition)‎,

Franchise. A right granted by a business or government to produce or sell goods in a specific geographic region. Examples are Burger King and Holiday Inn.

According to the Corporate Strategy by Lynch (4th edition),

Franchise. A form of co-operative strategy in which a firm (the franchisor) develops a business concept and then offers this to others (the franchisees) in the form of a contractual relationship to use the business concept. Typically, the franchisee obtains a tried-and-tested business formula in return for paying a percentage of its sales and agreeing to tight controls from the franchisor over the product range, pricing, etc.

Related concepts

Related lectures