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10 cards from this deck
Paying to use another co's name, products & business model
Owner of original business idea, brand name & operating methods
Ongoing payments, typically % of sales, paid to franchisor
Franchisees must follow franchisor's rules on running business
Hiring another co to handle tasks previously done internally
Companies can concentrate on main activities, not secondary tasks
Loss of management control over work quality & performance
Renting business equipment/property instead of buying it
Lessee rents asset; Lessor owns & allows use for payment
Lessee never owns asset, no appreciation or ownership benefits
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