Business studies GCSE coursework 1 Types and styles of business's

Payment. Many high street name are Franchises: Benetton, Mc Donalds and Pizza Hut.

Advantages

A franchisee benefits from having an already well-established brand name, and banks are more potential to lend money to franchisees because of this. This position is much more current than being a sole trader.

Disadvantages

A franchisee has very limited license and is ruled by the franchisor. The business cannot be sold, and regular Royalty Payments boast to be made.

My Decision

I came to the conclusion that I would not like to accommodate a franchisee. I decided this, as I had treasured to start up my own business with my own rules. I would have not been able to survive successfully as a franchisee.

                                                              

Multi-Nationals

These are the biggest companies in the business world, and they produce items for sale or services to more than one country. A multinational that makes and sells a number of different products is called conglomerate. Multinationals normally have their home office in one country. Multinationals must have strategies to cope with a number of different problems, as adequate so extensive is complicated. Good communication is necessary.

Advantages

The first advantage in becoming multi-national is competition.



Size can lead to lower costs of production, or may able the company to shift labour to a lower cost country. This is called economies of scale. In some industries a shaper can gain higher priority by having research, target facilities and development all over the world. Businesses profit from this by wise to(p) how to cater for the local market better.

Disadvantages

A business with many diversifications may lose direction. Individual sectors of the company may compete against each(prenominal) other. A multinational must always have assailable objectives to prevent this. Multinationals may have a hard eon dealing with...

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