What Is Franchising?

Introduction:
The purpose of this report is to discuss the concept of franchising. Franchising has evolved over the years and has become the most popular form of business ownership today (Baron & Shane, 2005). Therefore to understand the concepts of franchising this report will firstly provide the definitions of franchising and will also examine the types of franchising. Secondly, the report will discuss the benefits and drawbacks of franchising. The report will also provide examples of successful franchise businesses. …