Question

In: Operations Management

Question 1/ 350 words: (33 marks) a) What is franchising? (13 marks) b) Analyze some industries...

Question 1/ 350 words:

a) What is franchising?
b) Analyze some industries in your country where franchising is expected to grow

Solutions

Expert Solution

a) Franchising is a marketing concept that helps the company to grow and expand its operations. Many enterprises use different methods of expanding their processes and operations in the entire world. It is a kind of license that a company acquires to have access to the business's property and get insights into the procedures of the company and its production.

b) Many companies adopt this approach to earn from the leading company by establishing a franchise in the other part of the country or any other foreign country. It will also help the franchisee gain from the company's already have notions and recipes. The franchises can sell the product under the company's name. Many companies use the method of franchising to increase their reach in the market. For example, McDonald's uses the approach of franchising in different parts of the world. Many local companies sell the products in the name of the company with the same recipes. It also helps the company to gain more because of the goodwill of the company. Companies like Starbucks also take franchising to spread their operations in different parts of the world. The companies that have an excellent reputation in the market tend to get into the process of franchising. Companies like PizzaHut, Domino's, or any other food chain suppliers are prone to use franchising as their marketing strategy. Hence, it is an effective way to increase the gains of a particular company and the franchisee. Moreover, if a company takes up a multinational company's franchise, it has to comply with its rules and regulations to maintain the contract and its terms. The company trusts the franchisee with its recipes and goodwill, and hence, it becomes the responsibility to abide by the contract's rules and procedures. The company can also end the franchising contract if it finds that it is not abiding by the set terms and conditions. The contract is evidently at the discretion of the leading company, not in the franchisee's hands. Moreover, both companies should state the contract's specific terms to avoid any violation in the future.


Related Solutions

Question 2/ 350 words: (33 marks) a) Why is pricing important for small businesses? (13 marks)...
Question 2/ 350 words: a) Why is pricing important for small businesses? b) Explain 5 different pricing strategies for small businesses and give examples on each.
What is metameric segmentation, and what are its advantages? 350 WORDS 10 MARKS
What is metameric segmentation, and what are its advantages? 350 WORDS 10 MARKS
Question 3/ 350 words: (34 marks) a) Describe all stages of the product life cycle. (16...
Question 3/ 350 words: a) Describe all stages of the product life cycle. b) Give an example of a real company’s behavior in one of the life cycle stages of your choice
There are two parts to this question: (350 words) 1. Describe the health situation in Yemen....
There are two parts to this question: (350 words) 1. Describe the health situation in Yemen. 2. What are the social determinants of this situation? 3. Take a position on the human rights violations and articulate an argument about human rights violations. (It is clear that you cannot address all human rights, so decide which ones you are going to focus on.)
Question 1 (25 Marks) (a) what is job satisfaction? (5) (b) What are the factors of...
Question 1 (a) what is job satisfaction? (5) (b) What are the factors of job satisfaction (5) (c) What is job performance (5) (d) Differentiate between job satisfaction and job performance (10)
Question 4: Week 8, 11 Marks. [Words Limit: Up to 300 words.] Marketing system provides some...
Question 4: Week 8, 11 Marks. [Words Limit: Up to 300 words.] Marketing system provides some useful insights regarding the sales order. Different departments use this information. For instance, the production process uses this information to forecast the expected sale for next month. The production clerk uses this to create an online production schedule. From this schedule, the system automatically prepares weekly online work orders to be used by the production department. The production supervisor assesses the work orders from...
In approximately 350 words, please answer the following question(s): What is the primary difference between a...
In approximately 350 words, please answer the following question(s): What is the primary difference between a moral theory and a moral code? Have your personal, everyday ethical decisions been based upon a particular moral code or moral theory? If so, what code or theory? And finally, what reasons/factors led to your adoption of that particular moral code or moral theory? _______________________________________________________________________________________________________________________________________ In approximately 350 words, please answer the following question(s): Would you describe your personal approach to morality as primarily...
QUESTION 1 : Words: 350-400 Assume you are strategy expert of a company in your country....
QUESTION 1 : Words: 350-400 Assume you are strategy expert of a company in your country. a. Discuss how each of the Porter’s forces would affect/influence decision or strategy of your company. b. Suggest how the company can create and sustain its competitive advantage.
Question 3 – (13 Marks) Part A - (5 marks) Superior Sanitiser is manufacturer and supplier...
Question 3 – Part A - Superior Sanitiser is manufacturer and supplier of hand sanitisers. Due to the corona virus health crises there is a great demand for their products in the current marketplace. The glass bottles are produced in the bottle division, and then transferred to the liquid division, where they are filled with sanitiser liquid. The company’s best-selling product is ‘Kenkey Hand Sanitiser’. The standard cost of the bottle of Kenkey is shown in the following table: Bottle...
Question 1 [25 Marks] Read the news extract below and answer Question 1 (a) and (b):...
Question 1 [25 Marks] Read the news extract below and answer Question 1 (a) and (b): The South African government has approved sectorial minimum wages with effect from January 2019. a. Suppose the minimum wage is above the equilibrium wage in the market for unskilled labour. Using relevant diagrams and hypothetical numbers of the unskilled labour market, show the potential impact of the minimum wage on the labour market in South Africa. b. If the demand for unskilled labour were...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT