Franchise vs

Franchises involve paying fees to a parent company and benefit from its reputation, while corporations are standalone businesses with no obligation to pay fees or adhere to a parent company's brand and structure.

Yes, corporations can operate as franchises by allowing other individuals to open and operate locations under their brand, while franchises cannot be corporations as they are typically owned and operated by individuals or small groups.

A franchise store benefits from the reputation of the parent company, receives help with branding, advertising, and training of employees, which can contribute to its success.

<p>Understanding these differences is crucial as it can impact the day-to-day operations and overall running of the business, and help in making informed decisions about the business's growth and structure.</p> Signup and view all the answers

<p>McDonald's is a well-known franchise with countless locations worldwide, benefiting from its established brand and successful business model.</p> Signup and view all the answers