Answer:
see below
Explanation:
Hotel chain owner
- Owns all the products of the group
- Owns the brand name
- Owns all the properties in the group
- Retains all profits of the group
Franchise hotel owner
- Pays a fee to use the brand name and products
- Owns one or more independent units
A hotel chain owner owns the entire business either as an individual or in a group. They have exclusive rights to the brand name of the business. They keep all the profits from the business but suffer all the losses.
A franchise is a business relationship where the business owner( the franchisor) grants a license to a third party ( the franchisee) to start and run a business similar to that of the franchisor. The franchisee gets permission to operates under the franchisor's brand name, colors, design, layout, and operating processes. They are allowed to trade franchisor's products and services.
