The advantages of using a franchising strategy to pursue opportunities in foreign markets include:.

1 answer:

6 0

The advantages of using a franchising strategy to pursue opportunities in foreign markets include : Having franchisees bear most of the costs and risks of establishing foreign locations and requiring the franchisor to expend only the resources to recruit, train, and support and monitor franchisees.

<h3>What is franchising?</h3>

Franchising is a marketing concept in which when adopted by an organization, can be used as a strategy for business expansion.

The Franchisor is the original business owner who sells the right, intellectual property and use of its business model to use its business name and idea.

Basically, franchise provides the opportunity to buy into a successful business model which has track record, solid supply chain and expert technical support.

Learn more about franchising here : brainly.com/question/12879015

You might be interested in

A risk management program must be implemented and periodically monitored to be effective. This step requires the preparation of

Ann [662]

Answer: The ability to see risks that are not predicted and accessing funds from financial institutions

Explanation:

Here are some of the benefits of well-prepared risk management policy statement;

1) The ability to see risks that are not expected; a team of experts would be engaged to identify and give an overview of all forms of risk that could be possibly involved.

2) The organization attracts credit easily; Organisations attract credit from financial institutions when they are able to provide assessments that they carried out regarding risks. This gives the client's confidence that they can entrust their finance to the organization due to the firm have considered all forms of pending failures and that which would occur.

6 0

3 years ago

In 2016, due to a change in marketing forecasts, Barney Corporation reduced the projected life of its patent for producing round

Effectus [21]

Answer:

Explanation:

This is a change in estimate. No prior period adjustment is needed.

3 0

3 years ago

When you ask questions about the animal's drinking habits, particularly increases and decreases in water consumption, you're col

balandron [24]

The excretory system is related to the increase or decrease in the consumption of water by an animal. The increase or decrease is due to the variation in the antidiuretic hormones in the humans. The retention and excretion of excess water and ions are performed by the kidneys, which is a part of the excretory system.

7 0

3 years ago

A consumer uses goods and services to _____.

allochka39001 [22]

The answer is...

A consumer uses goods and services to satisfy economic wants.

8 0

3 years ago

Read 2 more answers

How are prices determined in a free market economy

professor190 [17]

If it’s free then I don’t think they need to determine the price bc it’s free

5 0

3 years ago