A Franchise Business is a model where an individual or group operates a business under the brand and system of an established company, paying fees for support and rights.
- What is a franchise business?
Answer: It is a model where individuals operate under an established company’s brand. - What are examples of franchise businesses?
Answer: Examples include McDonald’s and Subway. - What are the benefits for franchisees?
Answer: Benefits include brand recognition and training support. - What are the costs involved?
Answer: Costs include initial fees, royalties, and operational expenses. - What role does HR play?
Answer: HR manages hiring, training, and compliance for franchise employees.
