[Institution affiliated]
Introduction
A franchise is a go ahead or authorization that has been given to a group of people or an individual by a company or organization to sell the goods and services it has to offer in a particular way (Mendelsohn, 2004). Franchising is a very much well known business and commerce procedure that joins or rather brings together the brand name owners of a recognized commodity with another business, product, or service (Mendelsohn, 2004). The system of franchising is well and readily embraced by the small businesses and upcoming companies to have power and authentication to grow at a faster rate with the assistance ...