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Lina20 [59]
4 years ago
12

econ301 2. What advantages do franchise business offer nonprofit that seek side business to generate revenues to support their c

auses
Business
1 answer:
Solnce55 [7]4 years ago
6 0

<u>Explanation:</u>

A franchise business is one that allows another business (or non-profit) to carry out certain commercial activities, in a sense acting as an agent for the company.

Consider the following advantages:

1. Capital

The franchisor (the company that grants permission) may provide all the capital required to open and operate the non-profit.

2. Better-quality management. The years of experience accumulated by the franchisor may be of benefit to the non-profit. Thus, improving the quality of operations.

Other benefits include;

  • increase their speed of Growth  
  • increased Profitability
  • reduced Risk
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