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Information Resources Management Association
Advancing the Concepts & Practices of Information Resources Management in Modern Organizations

Franchising and Information Technology

Franchising and Information Technology
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Author(s): Ye-Sho Chen (Louisiana State University, USA), Bin Zhang (Louisiana State University, USA) and Bob Justis (Louisiana State University, USA)
Copyright: 2005
Pages: 8
Source title: Encyclopedia of Information Science and Technology, First Edition
Source Author(s)/Editor(s): Mehdi Khosrow-Pour, D.B.A. (Information Resources Management Association, USA)
DOI: 10.4018/978-1-59140-553-5.ch215

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Abstract

Franchising is “a business opportunity by which the owner (producer or distributor) of a service or a trademarked product grants exclusive rights to an individual for the local distribution and/or sale of the service or product, and in return receives a payment or royalty and conformance to quality standards. The individual or business granting the business rights is called the franchisor, and the individual or business granted the right to operate in accordance with the chosen method to produce or sell the product or service is called the franchisee.” (Justis & Judd, 2002)

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