Word: buys
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Dates: during 1980-1989
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...hotter than in the U.S. of 1987. The business strategy that peppered the land with Golden Arches is in the midst of an unprecedented boom. Never have so many would-be tycoons turned to franchising, and never have they found so many would-be store owners lined up to buy a franchise. No longer limited mainly to fast-food outlets, auto dealerships and motels, the chain-store concept is spreading to an amazing array of goods and services. Consumers in a growing number of cities can get a haircut at Hair Performers, buy hearing aids at Miracle-Ear, do their...
Prominent among the ranks of the franchisees are hundreds who have lost their jobs in the recent wave of retrenchment in American corporations. Says John Campbell, chief executive of Franchise Masters, a consulting firm with offices in San Francisco, Los Angeles and Tampa: "Some people want to buy a job. A lot of middle-management people are being displaced, and they've often got a good bit of money from severance...
...return, the franchisees often get a slew of benefits. They may buy not only a product or a name but a whole image and way of doing business. Many companies help their franchisees with almost every aspect of the operation. Says Stanley Williams, assistant director of communications for the Washington-based International Franchise Association: "The typical person starting a small business may be a good mechanic, cook or barber, but he doesn't know how to pick a location, buy supplies, hire and train workers and do his taxes. Franchising supplies this expertise...
...touching was permitted, and a chest-high partition separated the prisoner from his family. "I would never again put a bird in a cage," Hess once wrote his wife. "Only now do I fully understand why the Chinese and Japanese, when fate is especially kind to them, buy a bird, open the door of the cage and let him fly away. One day I will do this...
Though Saudi Arabia's Petroline cost as much as $5 billion, the network equips the kingdom with the best hedge that money can buy against a possible closing of the gulf. With pipeline access to the Red Sea for shipping its oil, Saudi Arabia can avoid an export shutdown caused by the tanker war and is better equipped to withstand any pressure to fall in line with policies pushed by Iran...