Franchising 2 Businesses for which franchising works best 3 Advantages 4 Disadvantages Definition of Franchising Franchising refers to the method of practicing and using another persons philosophy of business. The "franchisor" authorizes the proven methods and trademarks of his business to the "franchisee" for a fee and a percentage of gross monthly sales. Various tangibles and intangibles such as national or international advertising‚ training‚ and other support services are commonly made
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2010‚ I realize that one theme keeps showing up: Adventure travel is simply good for you. So I’ve compiled a Top Ten list of the reasons why. While there are several physical health benefits to adventure travel (see Nos. 1‚ 2‚ and 3‚ below)‚ the advantages for your mental wellness are just as impressive (Nos. 4‚ 5‚ and 6). Too‚ adventure travel can enlighten your soul (Nos. 7 and 8 ) and even help save the world (Nos. 9 and 10). Can you think of
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Among the devices‚ which are widely used in the present time‚ is computer. Indeed computer has become basis need of modern people. There is a symbol of modernity. Despite this fact computer like other devices has pros and cons. Having computer certainly has disadvantages but there are some good aspects of it too. Computers are useful in business‚ in education and home. The use of computer has reduced time span of many works. Any works can be done sitting in a place and pressing few keys. It has enabled
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The costs of international travel are decreasing and tourism is growing. What are the advantages and disadvantages of increasing tourism activity in different countries? Nowadays more and more people are becoming aware of the decrease in the expenses of travelling and hence tourism is booming. Although many may see this as a positive phenomenon‚ it is not a trend without drawbacks. Both the pros and cons of the rapidly growing tourism activity will be discussed in this essay. It is
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well as the advantages and disadvantages of each source. In order to make effective decisions and coordinate the decisions and actions of the various departments‚ a business needs to have a plan for its operations. Planning the financial operations of a business is called budgeting. Although budgeting allows the organization to plan their work and work towards their plan‚ it also has both advantages as well shortcomings that can affect an organization’s progress. The main advantage of a budget
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portrayed‚ due to the fact that they were able to adapt to a new way of life when their previous way of living changed‚ even though they have no choice‚ they learnt to adapt and make do with what they have. The Métis were at a disadvantage‚ some may think they were taken advantage of‚ they were unfamiliar “with the complexities of the new legal system‚” there were “difficulties in reading or speaking English; and lack of contacts with prospective buyers (Flanagan‚ pg. 18).” According to Sprague‚ he “argues
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Before I begin‚ I believe it is important to explain what a filibuster is prior to explaining the advantages and disadvantages. In 1789 both the House and the Senate had identical rule books which included a rule known as the “previous question” motion. This motion allowed a simple majority to stop debate. Today the House of Representative still utilizes this rule however the Senate does not have this rule on their books any longer. Thus‚ the filibuster is only utilized in the Senate. When one
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their strengths and weaknesses. Then I compared exporting with other market entry strategies‚ so I could gain further insight to advantages and disadvantages of exporting. In the conclusion I outline which types of exporting fit SME’s and which fit MNE’s. Low cost exporting (“AT THE GATE” SELLING‚ EXPORT HOUSES‚ PIGGYBACKING‚ AGENTS‚ DISTRIBUTORS‚ FRANCHISES) Advantages Low cost exporting requires only a small direct investment‚ if any. It usually carries low risks of financial loss and companies
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Advantages and Disadvantages of Electronic Communication Technology in Modern Communication Communication is needed for decision making‚ co-ordination‚ control and planning. Communication is required for processing information in the accounting department‚ finance department‚ personnel department‚ establishment‚ of public relations‚ sales department‚ market research‚ production department‚ purchase department etc. Communication with the government‚ shareholders and prospective investors‚ customers
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3OVERVIEW OF HUMAN RESOURCE /MANPOWER PLANNING Manpower planning is the first step towards manpower management. It refers to the process of using available assets for the implementation of the business plans. It also involves the process of coordinating and controlling various activities in the organization. An effective manpower planning requires a careful assessment of the future needs of the organization. It involves the development of strategies to match the requirement of employees and availability
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