Step-by-step explanation:
The difference between a franchisor and a franchisee is the relationship between a franchisor and a franchisee. A franchisor is a company that owns the rights to a particular product or service and grants franchises to other businesses. A franchisee is a business that purchases the right to use a franchise's name, products, services and business model. The advantages of being a franchisor are the ability to expand quickly and the ability to benefit from the brand recognition of the franchise. Franchisors benefit from the increased market presence and the potential for increased profits that come with having multiple locations. Franchisors also benefit from the expertise and resources of the franchisees. The advantages of being a franchisee are the ability to operate with the support of an established brand and the ability to benefit from the franchisor's knowledge and expertise. Franchisees benefit from being able to use the franchisor's marketing materials and resources to help promote their business. Franchisees also benefit from being able to use the franchisor's business model, which can help them run their business more efficiently. In conclusion, the franchisor and franchisee both have advantages that come with owning and operating a franchise. The franchisor is able to benefit from the increased market presence and the potential for increased profits that come with having multiple locations. The franchisee is able to benefit from the franchisor's knowledge and expertise and from being able to use the franchisor's business model.