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The word franchise is of Anglo-French derivation—from franc, meaning 'free'—and is used both as a noun and as a (transitive) verb. [2] For the franchisor, use of a franchise system is an alternative business growth strategy, compared to expansion through corporate owned outlets or "chain stores". Adopting a franchise system business growth ...
Social franchising is the application of the principles of commercial franchising to promote social benefit rather than private profit. In the first sense, it refers to a contractual relationship wherein an independent coordinating organization (usually a non-governmental organization, but occasionally a governmental body or private company [2]) offers individual independent operators the ...
Microfranchising is a business model that applies elements and concepts of traditional franchising to small businesses in the developing world. It refers to the systemization and replication of micro-enterprises. Microfranchising is broadly defined as small businesses that can easily be replicated by following proven marketing and operational ...
In the United States, approximately 90 percent of Burger King's franchises have banded together to form the Burger King National Franchise Association (BKNFA or NFA). The 900-member group is based in Atlanta , Georgia, and is designed to provide what the group calls Franchisee Relations Advocacy.
Professional sports leagues are organized in numerous ways. The two most significant types are one that developed in Europe, characterized by a tiered structure using promotion and relegation in order to determine participation in a hierarchy of leagues or divisions, and a North American originated model characterized by its use of franchises, closed memberships, and minor leagues.
An analyst report of a direct sales model is estimated to cut the cost of a vehicle by 8.6%. [16] This implies an even greater demand currently exists for a direct manufacturer sales model. However, laws in many U.S. states prohibit manufacturers from selling directly, requiring customers to buy new cars through a dealer. [17]
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The FTC announced an update to the franchise Rule on January 23, 2007, becoming effective July 1, 2007. [2] The most recent version of the FTC franchise rule was in 2007, is printed in FR 2007a, pp. 15544–15575. After July 2008, all franchisors in the United States are to use the Franchise Disclosure Document with potential franchisees.