Tooltips Archive - Page 9 of 32 - The Franchise Trainer
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December 21, 2019
Product-Oriented Franchise Brands

Retail franchise businesses with the sole focus on retailing products such as fashion & accessories, jewelry, cosmetics, perfumes, and nutrition & vitamin shops.

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December 21, 2019
Product or Service Knowledge

An important part of the franchisee training covering products and services features offered in the franchised business to qualify the franchisee’s staff to present their benefits accurately and convincingly to customers.

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December 21, 2019
Product Mark

A mark that is used to indicate that a one or more specific product within a full product line come from the same source.

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December 21, 2019
Product Format Franchise

This is not considered by many an actual franchise format. It is more of a distribution arrangement where an existing retailer sells a franchisor product amongst other products that he offers for sale in his shop.

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December 21, 2019
Pro Forma

Financial statements presented by the franchisor to the prospective franchisee to reflect the financial status of the company including balance sheets, profit and loss and cash flow statements.

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December 21, 2019
Principal or Guarantor

A franchisee who owns, operates, and controls the majority shares of the franchised business and who warrants the truth of all representations undertaken by his company and guarantees the fulfilment of its obligations towards the franchisor as per the franchise agreement including the prompt payment of all fees and dues to the franchisor, and indemnifies […]

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December 21, 2019
Pre-entry Study

Analysis of a new market area designed to help franchisors to identify the most important elements which may affect the success of their brand in a specific country or region.

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December 21, 2019
Post-Termination Obligations

Certain undertakings and obligations by the franchisee and its associates and affiliates must fulfill after the termination of the franchise agreement including, without limitation, those obligations and restrictive covenants such payment of amounts due to the franchisor, ceasing the use of the trade name and service marks, and business systems, removing of all brand signs […]

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December 21, 2019
Plug & Play Franchise™

Or alternatively used as “Franchising in a Box” are terms coined by Sary Hamway for an initiative to encourage companies to  build a franchise system to support small businesses and young entrepreneurs by creating and granting a low-investment, turn-key, smaller model of their retail units using their infra-structure to provide all-inclusive support to franchisees.

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December 21, 2019
Pilot Operation

A showcase location established by a franchisor to demonstrate the success of the business in a specific market and to work as a hub for hands-on training for franchisees and their key personnel.

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