Franchise Business

Write 5 pages thesis on the topic franchise business. The history of franchising dates back to the 1850s when an American entrepreneur Isaac Singer the inventor of the sewing machine chose to sell licenses to other entrepreneurs in different parts of the country. This idea was prompted by the fact that his company staff could not provide sufficient training to the customers who bought his product (Sherman, 2011).In 1960, Ray Kroc, an American fast food businessman after taking over small chains of food companies laid strong foundations for one of the most successful food franchises in the world. Due to globalization and the reduction of barriers to international trade like tariffs, many firms driven by the need to increase the production of goods and services have used franchising as a perfect tool to market their products in other countries outside the place of incorporation (Sherman). Multinational companies like Coca-Cola, a producer of drinks and leading firms in the automobile industry like Toyota are operating in almost every part of the world through franchising.Justification of the businessIn the 20th century, most of the world’s economies followed expansionary paths, with many firms finding a solution to increase their customer base in operating businesses in foreign countries. During this period, most countries had an exponential increase in population growth rates that necessitated accommodating foreign firms in an economy for this would spur employment opportunities (Hammond, 2011).Businesses that are run of franchising rails stand a chance of excelling because the products, as well as services brought in the market place, have been established by the franchisor and the setbacks in launching a new product were dealt with originally. Again, a proven business formula has been put in place for marketing the product, and the franchisee’s business will not need extra time to pick momentum in the new market place. For businessmen and women, trading with already tested products offers income (Hiam, 2007).Nature of the businessThis franchising business is global, whereby the multinational has a registered head office in the country of incorporation. Coca-Cola Limited is an example of a franchise which has its head office in New York, U.S.A. being, spread to almost every country in almost every continent, each country has a registered head office where the major policies and administrative functions are carried out from. At a country level, Coca-Cola Limited after assessing the market potential of its products and analyzing the annual demand of its drinks will enter into an agreement with potential business firms to aid in the production and distribution of its products to the entire nation. Other business operations like carrying out market research, mobilizing the locally available raw materials will thus be made easy through this arrangement. In return, the business firm turned franchise will generate income from the sale of the drinks to the local customers. The business turns them to their ‘own boss’ since they now operate their own firms.On the same note, Coca-Cola Limited will lay down the procedures and rules that are to be followed by the successful franchises to carry out the business (Nash, 2000). This will make the franchises from violating Coca-Cola’s policy which may damage the reputation of their products. Coordination between the franchisor and the franchisee is carried out to ensure that the products that enter the market place are of superior quality.

Calculate the price
Make an order in advance and get the best price
Pages (550 words)
$0.00
*Price with a welcome 15% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.
How it works
Receive a 100% original paper that will pass Turnitin from a top essay writing service
step 1
Upload your instructions
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
Pro service tips
How to get the most out of your experience with TermPapersForMe
One writer throughout the entire course
If you like the writer, you can hire them again. Just copy & paste their ID on the order form ("Preferred Writer's ID" field). This way, your vocabulary will be uniform, and the writer will be aware of your needs.
The same paper from different writers
You can order essay or any other work from two different writers to choose the best one or give another version to a friend. This can be done through the add-on "Same paper from another writer."
Copy of sources used by the writer
Our college essay writers work with ScienceDirect and other databases. They can send you articles or materials used in PDF or through screenshots. Just tick the "Copy of sources" field on the order form.
Testimonials
See why 10k+ students have chosen us as their sole writing assistance provider
Check out the latest reviews and opinions submitted by real customers worldwide and make an informed decision.
Nursing
Excellent! Thank you.
Customer 452487, October 16th, 2021
Nursing
Excellent. Thank you.
Customer 452487, August 26th, 2021
Healthcare Writing & Communications
Perfect! Thank you for also remembering to highlight the necessary words. Appreciate all of your help and hard work!
Customer 452483, November 7th, 2021
Microbiology
Appreciate all of your hard work! Thank you so much!!
Customer 452483, September 14th, 2021
Mathematics
Thank you, great work!
Customer 452483, July 19th, 2021
English 101
Amazing thank you!
Customer 452615, August 1st, 2022
Nursing
Excellent!!! Thank you.
Customer 452487, September 13th, 2021
Nursing
Good job! Thank you
Customer 452487, October 17th, 2021
Mathematics
Thank you so much!
Customer 452483, July 26th, 2021
Healthcare Writing & Communications
Thank you so much for all of your hard work! Appreciate it all!
Customer 452483, November 14th, 2021
Nursing
Excellent job! super recommended.
Customer 452487, August 24th, 2021
Communications
came in earlier than I thought and has all the sources listed and cited in APA format, overall all perfect!
Customer 452461, May 24th, 2021
1159
Customer reviews in total
96%
Current satisfaction rate
2 pages
Average paper length
47%
Customers referred by a friend
OUR GIFT TO YOU
15% OFF your first order
Use a coupon TERM15 and enjoy expert help with any task at the most affordable price.
Claim my 15% OFF Order in Chat