Indicators of franchising business in the world and in Serbia
The creation of franchise companies has a lasting and positive impact on the economies of the countries and local communities in which they operate. Countless jobs are created and supported by franchises, and those jobs help lower the unemployment rate. Franchises support the national GDP through bi...
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| Format: | Article |
| Language: | srp |
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University Business Academy - Faculty of Economics and Engineering Management, Novi Sad, Serbia
2023-01-01
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| Series: | Ekonomija: teorija i praksa |
| Subjects: | |
| Online Access: | https://scindeks-clanci.ceon.rs/data/pdf/2217-5458/2023/2217-54582302177K.pdf |
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| author | Kaarod Tareq Ayad Mansur Kovačević Maja Ignjatijević Svetlana Marković Svetlana Mohamoud Omer Ali |
| author_facet | Kaarod Tareq Ayad Mansur Kovačević Maja Ignjatijević Svetlana Marković Svetlana Mohamoud Omer Ali |
| author_sort | Kaarod Tareq Ayad Mansur |
| collection | DOAJ |
| description | The creation of franchise companies has a lasting and positive impact on the economies of the countries and local communities in which they operate. Countless jobs are created and supported by franchises, and those jobs help lower the unemployment rate. Franchises support the national GDP through billions of dollars in products and services, and job creation. The 2008-2010 recession, as well as the pandemic, had a negative impact on the US and global economy, although franchises fared better than most other retail chains and small businesses. The subject of research in the paper is the analysis of the basic characteristics and features of franchising, with the aim of drawing attention to the use of franchise in business on domestic and international markets, to point out the specifics of business and its ways of functioning, to point out the advantages, disadvantages, and wider significance of franchise business, on the existence of the attractiveness index of a country for franchise investments. Research results indicate that franchises are economically more stable, mainly due to their branding, consumer familiarity, and strong network base. It is estimated that franchises will operate better, more intensively and more diversely in the coming period. |
| first_indexed | 2024-03-12T14:59:49Z |
| format | Article |
| id | doaj.art-c5abbc9b5e0646bab8b99cab2086b280 |
| institution | Directory Open Access Journal |
| issn | 2217-5458 2620-0228 |
| language | srp |
| last_indexed | 2024-03-12T14:59:49Z |
| publishDate | 2023-01-01 |
| publisher | University Business Academy - Faculty of Economics and Engineering Management, Novi Sad, Serbia |
| record_format | Article |
| series | Ekonomija: teorija i praksa |
| spelling | doaj.art-c5abbc9b5e0646bab8b99cab2086b2802023-08-14T09:12:57ZsrpUniversity Business Academy - Faculty of Economics and Engineering Management, Novi Sad, SerbiaEkonomija: teorija i praksa2217-54582620-02282023-01-012621771932217-54582302177KIndicators of franchising business in the world and in SerbiaKaarod Tareq Ayad Mansur0Kovačević Maja1https://orcid.org/0000-0001-6902-3794Ignjatijević Svetlana2https://orcid.org/0000-0002-9578-3823Marković Svetlana3Mohamoud Omer Ali4Fakultet za ekonomiju i inženjerski menadžment u Novom Sadu, Novi Sad, SerbiaFakultet za ekonomiju i inženjerski menadžment u Novom Sadu, Novi Sad, SerbiaFakultet za ekonomiju i inženjerski menadžment u Novom Sadu, Novi Sad, SerbiaUniverzitet Privredna akademija u Novom Sadu, Novi Sad, SerbiaFakultet za ekonomiju i inženjerski menadžment u Novom Sadu, Novi Sad, SerbiaThe creation of franchise companies has a lasting and positive impact on the economies of the countries and local communities in which they operate. Countless jobs are created and supported by franchises, and those jobs help lower the unemployment rate. Franchises support the national GDP through billions of dollars in products and services, and job creation. The 2008-2010 recession, as well as the pandemic, had a negative impact on the US and global economy, although franchises fared better than most other retail chains and small businesses. The subject of research in the paper is the analysis of the basic characteristics and features of franchising, with the aim of drawing attention to the use of franchise in business on domestic and international markets, to point out the specifics of business and its ways of functioning, to point out the advantages, disadvantages, and wider significance of franchise business, on the existence of the attractiveness index of a country for franchise investments. Research results indicate that franchises are economically more stable, mainly due to their branding, consumer familiarity, and strong network base. It is estimated that franchises will operate better, more intensively and more diversely in the coming period.https://scindeks-clanci.ceon.rs/data/pdf/2217-5458/2023/2217-54582302177K.pdffranchisingfranchise attractiveness index |
| spellingShingle | Kaarod Tareq Ayad Mansur Kovačević Maja Ignjatijević Svetlana Marković Svetlana Mohamoud Omer Ali Indicators of franchising business in the world and in Serbia Ekonomija: teorija i praksa franchising franchise attractiveness index |
| title | Indicators of franchising business in the world and in Serbia |
| title_full | Indicators of franchising business in the world and in Serbia |
| title_fullStr | Indicators of franchising business in the world and in Serbia |
| title_full_unstemmed | Indicators of franchising business in the world and in Serbia |
| title_short | Indicators of franchising business in the world and in Serbia |
| title_sort | indicators of franchising business in the world and in serbia |
| topic | franchising franchise attractiveness index |
| url | https://scindeks-clanci.ceon.rs/data/pdf/2217-5458/2023/2217-54582302177K.pdf |
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