Tooltips Archive - الصفحة 8 من 32 - The Franchise Trainer
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ديسمبر 21, 2019
Retail Franchises

Product-oriented franchise businesses which involves an inventory of products from a wide variety of industries, including but not limited to clothing, food, beverages, convenience stores, home improvement products.

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ديسمبر 21, 2019
Renewal Terms

Renewal option of a franchise agreement that outlines the terms and conditions for renewing or extending the initial agreement with the franchisee.

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ديسمبر 21, 2019
Refranchising

Or as sometimes called “retro franchising”.  A resale of a franchised location or territory by the franchisor after exercising a buyback option of the business with a terminated or failed franchisee.

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ديسمبر 21, 2019
Quantum Leap in Franchise Expansion™

A proprietary training course authored by Sary Hamway, introducing a change management approach to cope with the conceivable growth of the business, and offering new practices for a methodical discipline that transforms franchise organizational goals and processes.

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ديسمبر 21, 2019
Quality Control

(QC) A process through which a franchisor ensures brand consistency, operational standards and quality of the products and services being offered to the customers are maintained in the franchised location or territory by means of continuous monitoring, business auditing, mystery shopping and policing of the franchisees’ operations.

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ديسمبر 21, 2019
Pyramid Schemes

(Franchise Fraud or Chain Referral Schemes) A franchisee makes profit by the sale of sub-franchises and not by the sale of the franchisor’s product and services, which may lead the franchise pyramid to collapse.

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ديسمبر 21, 2019
Proven Successful Business

The franchisor’s business which has been operating successfully and profitably for a number of years to minimize the risk on the part of the franchisees, before allowing them to obtain the franchise rights.

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ديسمبر 21, 2019
Prospective Franchisee

A potential investor who shows interest in acquiring the franchise rights of a brand.

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ديسمبر 21, 2019
Proprietary Products or Services

The products and services that are integral to the franchisor business and sourced and supplied to the franchisee directly by the franchisor or through nominated Supplier/Vendor

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ديسمبر 21, 2019
Proprietary Products Bona Fide Price

The fair and reasonable purchase prices of the franchisor’s proprietary or branded products, sold to its franchisees without exaggeration or overpricing.

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