Franchise disadvantages - PowerPoint PPT Presentation

Chapter 8 Notes

Chapter 8 Notes. Entrepreneurs and Business Organizations. Sole Proprietorship. Most common form of Business Org. A business owned and managed by a single individual Advantages 1. simple to establish, easy to form and dissolve 2. relatively few regulations 3. sole receiver of profits

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Franchise

Franchise . A franchise is a contractual agreement to sell a company’s products or services in a designated geographic area. . Franchisor – the person or company that offers a franchise for purchase. Franchisee – The person who purchases a franchise agreement. Franchise .

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