Tag: employment opportunities in commerce

Companies outsource primarily to cut costs i.e. for achieving he economies of scale and also about reaping the benefits of strategic outsourcing such as skilled expertise, specialized performance so that better results can be obtained, eventually generating more profits.

Business Process Outsourcing, refers to the contracting of specific business tasks such as payroll, human resource or accounting to any third service provider company so that company can focus mainly on its core activities. Usually BPO is implemented as a cost saving measure.

Business process outsourcing is a form of business where a company sets contract with an outside company for the completion of a task through electronic process in exchange of a certain amount of payment for the company. The advantages of these business are that they promotes effective use of supply chain partners, Increases flexibility in resource management and increases the speed of business process. 

BPO stands for Business process outsourcing which refers to a form of business where a company sets contract with an outside company for the completion of a task through electronic process in exchange of a certain amount of payment for the company.

This form of business face many challenges in day to day life like the contractual length of the task, the competition and lack of confidentiality of the information shared between the business.

 The advantages of these business are that they promotes effective use of supply chain partners, Increases flexibility in resource management and increases the speed of business process. 

Under a franchise, the owner (franchisor) retains control of the brand and licenses (that is, grants permissions to) the franchisee to use its successful business model and brand. Licensing of intellectual property (IP) is at the heart of a franchise contract. So, in fact, a franchise includes licensing.

Franchising is based on a marketing concept which can be adopted by an organization as a strategy for business expansion. Where implemented, a franchiser licenses its know-how, procedures, intellectual property, use of its business model, brand, and rights to sell its branded products and services to a franchisee

Franchising is based on a marketing concept which can be adopted by an organization as a strategy for business expansion. Where implemented, a franchiser licenses its know-how, procedures, intellectual property, use of its business model, brand, and rights to sell its branded products and services to a franchisee. 

There are five key characteristics that, more than any others, determine success as a franchisee. They are Any business start-up involves some risk of failure, but a strong franchise with a proven track record of success will minimize this risk.

Arrangement where one party (the franchiser) grants another party (the franchisee) the right to use its trademark or trade-name as well as certain business systems and processes, to produce and market a good or service according to certain specifications. The franchisee usually pays a one-time franchise fee plus a percentage of sales revenue as royalty, and gains 

A franchise is a business opportunity that allows the franchisee to start a business by legally using the franchiser's expertise, ideas, and processes. This helps the franchiser to grow his business in the market and increases the goodwill of the franchiser.