The impact of e-commerce on vendors are:
(i) Vendors could have a wider access to customers across the globe.
(ii) This helps minimise the cost of operating business due to direct distribution of goods to end consumers thanks to minimum invention of intermediaries.
(iii) Vendor could interact with multiple buyers and sellers.
(iv) Business concerns could orient marketing efforts towards targeted customers.

The factors considered for investing in a franchise are:
(i) Improven versus proven franchise
(ii) Financial stability of franchise
(iii) Potential market for the new franchise
(iv) Profit potential for a new franchise

The categories of franchise are:
(i) A product or service with an established market and favourable image
(ii) A patented formula or design
(iii) Trade marks
(iv) A financial management system for controlling costs and monitoring revenues and profits
(v) Managerial advice from experts in the field
(vi) Head office services

E-commerce or Electronic Commerce is the Buying and Selling of goods and services through electronic networks like Internet.

The Logistics management can be classified on the basis of applications from various dimensions in the process of examining and evaluating alternatives. They are:
1. Decision - Wise
2. Actor - Wise
3. Inbound Logistics and Outbound Logistics.

1. The logistics management involves various decisions that need examination for an integrated system.
2. They are Product design, Plant location, Choice of markets/source Production structure, Distribution/Dealer network design, Location of Warehouses, Plant Layout and Logistics, Allocation Design, Production Planning, Inventory Management - Stocking Levels, Transportation-mode Choice, Shipment Size and Routing Decisions, and Transport Contracting Packaging, Materials Handling, Warehousing Operations.

1. Logistics implies that an integrated view of number of different activities and functions may be required.
2. These activities are represented as part of the value chain called the generic value chain.
3. All firms are viewed as a collection of Primary and secondary activities.

Logistics can be viewed as a logical extension of transportation and related areas to achieve an efficient and effective goods distribution system.

1. Usage of Best skills.
2. Ultimate use of knowledge.
3. Finding solution to complex problems.
4. Reduction of Expenditure
5. Special focus on principal functions.
6. Out sources reduces the risk.

Need for BPO:
(i)  To focus on Key function.
(ii)  Benefit of Specialisation / Efficiency
(iii) Cost Cutting
(vi)  Economic Growth and Development
(v)  Increasing profits.
(vi)  Catering to the Dynamic demand

Need for outsourcing:
1. Focusing on Core Activities.
2. To Fillip Economic Development
3. Encourages Employment Opportunities
4. Reduction in Investment
5. Quest for Excellence

BPO refers to outsourcing the work which is routine in nature, to an outside agency. This practice was initiated in United States of America in few companies.

The factor is an agent who buys the accounts receivables (Debtors and Bills Receivables) of a firm and provides finance to a firm to meet its working capital requirements.

1. Franchising fees
2. Fixed royalty payment
3. Danger of image tarnishing
4. Lack of freedom
5. Limitation on range of products

The individual who acquires the right to operate the business or use the trademark of the seller is known as the franchisee.