Economics B A-Level
Franchising
What Franchising means in Economics B A-Level, as defined for Pearson Edexcel.
Definition of Franchising
Check what you remember
Read the wording for your board, then hide it and explain Franchising in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: Pearson Edexcel
A way to introduce competition for the market, through franchising and tendering, where competition in the market is not feasible.
Topics that use Franchising
- Business regulation (Pearson Edexcel A-Level)
Related terms
- Asymmetric information and market failure
- Consumer protection
- Consumer protection legislation and standards
- Market power
- Mergers and takeovers
- Natural monopoly
- Anti-competitive practices
- Business costs
Using Franchising in the exam
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