small business accounting
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Title: small business accounting

Essay Details:

Subject: Business
Author: David E
Date: February 24, 2014
Level: University
Grade: A
Length: 3 / 766

Essay text:

On the other hand, franchise is as a business arrangement, in which knowledge, expertise and often a trademark or trade names are licensed to an operator. Franchising has several important features: ? It is a marketing technique ? It involves a contract for a fixed period ? The franchisor grants a right to market its product or service and use its business name, trade name, business format and systems. ? The franchisee pay a fee and receives management support and marketing effort, and ? The cost of the franchise is an initial royalty and, usually, a subsequent royalty payment based on a percentage of sales...

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