Franchising is a special kind of formal contract by which an affiliate firm produces or markets the produce of a multinational firm after obtaining a licence from the firm. According to the Oxford Dictionary, "Franchising is an authorisation granted by a government or company to an individual or group enabling them to carry out specified commercial activities." According to Donald W.Hackett, franching is a form of licensing in which parent company(from chiser) grants another company (franchisee) the right to do business in a prescribed manner. The nature of right could be selling the franchisers product using its name, product and marketing new techniques or general business approach. One of the methods of franchising is to provide an important component or ingredient. Franchising is a way of entering into international market. The business relation between a automobile manufacturer and its dealer is an example of franchising.
Hi I am Deepjit Karmakar, founder of thecommercialinfo.com and today here in this article I am gonna tell you why Scandinavia is so expensive. Across scandinavia, the average price of everything from a knitted pay roll neck pastries from the local bakery are some of the highest in the world. Scandinavia is a region in Northern Europe that was a historical e made up of three kingdoms: Norway, Sweden and Denmark. They are United by their Viking heritage but also their shared reputation as one of the most expensive regions to live and visit. Whether it's buying a car or a TV. Consumers in Scandinavia pay some of the highest prices in the world. Even buying groceries is costly with all three countries' food and drink prices above the European average. All three countries also have a standard VAT rate of 25%. Amongst all the European Nations, only Hungary has a higher rate. Heading to the bar is also pretty pricey. In Norway, having a beer or glass of wine will cost in ×2.5 times