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A master franchise is a franchise relationship in which the owner of the franchise brand (the master franchisor) grants to another party the right to recruit new franchisees in a specific area. In exchange, the other party typically pays some price as well as agreeing to take on some or all of the responsibility to train and support new ...
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 ...
In food stalls in Indonesia, siomai (or "siomay" in local dialect) are eaten together with steamed vegetables and tofu, and served with spicy peanut sauce. [citation needed] In Philippine food stalls and fast food restaurants, siomai is eaten with dip, toothpicks to facilitate handling, or with rice (using a spoon and fork). [citation needed]
The group in May 2018 announced its plan for a further shift to the franchising model within the next five years in a bid to boost the company's growth. At that time 69 of the Max's Group shares are owned by the company while the rest are largely owned by its franchise stores. [4] In November 2024, the Group's third-quarter net income dropped ...
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 ...
Friendship Inns (founded 1961 Salt Lake City, became a franchise chain in 1985) once enlisted many older, marginal properties; its trademark was eventually sold as a low-end brand to Choice Hotels. Other 1950s and 1960s referral chains included Emmons Walker, Congress Inns, Imperial 400 Motels, Master Hosts, and Courtesy Courts.
This is an accepted version of this page This is the latest accepted revision, reviewed on 27 February 2025. Economy of Singapore Skyline of Singapore's Downtown Core Currency Singapore dollar (SGD/S$) Fiscal year 1 April – 31 March Trade organisations WTO, APEC, CPTPP, IOR-ARC, RCEP, ASEAN and others Country group Developed/Advanced High-income economy Statistics Population 6,040,000 (2024 ...
The burger patties have been banned in Singapore due to the meat coming from sources which are not on the list of Commercial Food Imports for Meats approved by the Agri-Food and Veterinary Authority of Singapore, meaning it could pose a potential health risk. [13] However, Singaporean street vendors continue to use the Ramly Burger wrapper. [2 ...