Explain in Brief the Four Basic Types of Franchises

question 46

Essay

Explain in brief the four basic types of franchises.

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Definitions:

Tangible Resources

Physical and material assets owned by a company, such as buildings, machinery, and inventory, which can be seen and quantified.

Technical Skills

These are abilities and knowledge in a specific domain that enable individuals to perform specific tasks proficiently, often related to practical tasks and technology use.

Human Skills

The ability to relate to other people

Human Capital

People’s skills, knowledge, experience, and general attributes.