Essays on Mandatory Industry Code in the Franchising Industry Essay

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The paper "Mandatory Industry Code in the Franchising Industry" is a great example of a marketing essay.   The franchising has been experiencing tremendous changes that have marked many steps to its stabilization. The most notable development in the industry is the creation of the right rules and laws that can control most of the issues that affect the market in the recent past. It is appropriate to argue in a way that will create an understanding of the parties that take part in the process i. e. the franchisor and the franchisee. The industry is growing wider and far given that there are several ways through which the mandatory code of conduct in managing the entire industry (Antia, Zheng and Frazier 577-589).

However, some issues still continue to face the sector despite the long strides it is taking. The introduction of the mandatory code is the only remedy to the many issues affecting the franchising industry. Mandatory Industry Code The Mandatory Industry Code is the new regulation that regulates the franchising industry and any other activities that affect the consumer and competition Act.

It is the most important code of conduct as it defines the relationship between the franchisor and the franchisee. It is a regulation act that is enforced by the Australian federal government through the Trade Practice Act in the country (Antia, Zheng and Frazier 577-589). The mandatory code of conduct applies the increasing disclosure information as it is impacting the ACC and the regulation systems. The system helps the ACC in the process of applying penalties and impingement notices to non-conforming companies to consumer protection. History of the Mandatory Industry Code The initial stage of the production code was self-regulatory.

It later changed to voluntary regulation. In the current past due to the introduction of the disclosure system, it has now the mandatory franchising code of conduct. Franchising is an authoritative relationship. Franchisors and franchisees work together to offer products or administrations to shoppers in a steady way. It is vital that each store appears to be identical, as this gives the consistency buyers request(Antia, Zheng and Frazier 577-589). Exchange marks must be utilized as a part of the same way, the scope of merchandise or administrations need to be the same, the client must feel part of a comprehensive system.

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