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Very good question
In my point of view
Business Format Franchising is an
arrangement where a franchisee receives in addition to the right to sell goods or services
and for sure the franchisee is licensed to use the franchisor’s products and trademark and the franchisee is also trained by the franchisor in the business model and format including selling, marketing, personnel procedures and inventory too.
Good Day!!!
Business Format Franchising is a setup in which the franchisor licenses the franchisee to sell certain products and services and to use the franchisor’s trademark and trade name. Business format franchising offers the franchisee business ownership while operating under the franchisor’s organization.
