What is Franchising?

1.	What is Franchising?
Answer» As per franchising strategy an entrepreneur establishes his sales force in different part of the country who does the job of selling. Yes, the entrepreneur is required to be cautious in the selection of the sales person because an unbecoming salesman with an aim to earn more profit can exploit the situation by means of adult rating the product can give a bad name to the entrepreneur. In the simple terms, franchising is a sort of contract under which a franchise makes an agreement with a franchiser for the sales of services or the merchandise, the franchiser entitles the franchise with the right by charging a certain fee or commission.

Answer»

As per franchising strategy an entrepreneur establishes his sales force in different part of the country who does the job of selling. Yes, the entrepreneur is required to be cautious in the selection of the sales person because an unbecoming salesman with an aim to earn more profit can exploit the situation by means of adult rating the product can give a bad name to the entrepreneur.

In the simple terms, franchising is a sort of contract under which a franchise makes an agreement with a franchiser for the sales of services or the merchandise, the franchiser entitles the franchise with the right by charging a certain fee or commission.

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