business+taster

=Business Studies=


 * Know at least one type of business
 * Undertand the reasons for starting this type of business
 * Be able to explain the benefits of this type of business

Starter
Discuss what these businesses have in common. There is one common link between them.



Information
A franchise is a business which is run by an invidual who has bought the rights to trade as part of a bigger organisation. Did you realise that your local McDonalds is not owned by the McDonalds company? Or your local Domino's?

The franchisee is the person who has bought into the big business and operates the local store/area. They recieve training, support from the parent company and purchase all of their product through the parent company whilst still running their own business. They benefit from the marketing of the parent company in a way that a local business could never afford. Think of the companies in the image above, how many of them are household names that you see advertised on TV, radio, sporting events etc.

Activity
Discuss with your neighbor what you think the costs would be in buying a franchise like McDonalds? How different do you think the costs would be if you were buying a franchise for the Pauline Quirke Academy?

Task
Use the internet to find some lists of franchises - make a list of companies you already know, that offer franchise opportunities.

Plenary
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