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

Payment. Many high street name be Franchises: Benetton, Mc Donalds and Pizza Hut. Advantages A franchisee benefits from having an already well-established brand name, and banks are to a greater extent potential to lend money to franchisees because of this. This position is much more(prenominal) current than being a sole trader. Disadvantages A franchisee has actually limited license and is ruled by the franchisor. The business rout outnot be sold, and regular Royalty Payments boast to be made. My Decision I came to the determination 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 pro duce items for sale or serve to more than one country. A multinational that makes and sells a tot of different products is called conglomerate. Multinationals normally have their home office in one country. Multinationals must have strategies to cope with a make out of different problems, as adequate so extensive is complicated. broad(a) communication is necessary. Advantages The first advantage in becoming multi-national is competition.

surface can lead to lower costs of production, or whitethorn 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 faciliti es and festering all over the world. Busine! sses profit from this by wise to(p) how to run 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 hold this. Multinationals may have a hard eon dealings with... If you want to get a full essay, monastic ordination it on our website: OrderEssay.net

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