(i) Full service factoring or Without recourse factoring :
When a factor agrees to provide complete set of services which includes financing, maintenance of sales ledger, debt collection at his own risk, and providing Consultancy services as and when necessary, it is called as full servicing factoring.
(ii) With recourse factoring:
(1) When the factor does not undertake credit risk, it is known as with recourse factoring.
(2) In case the debtor fails to make the payment on due to date, it is assigned back to the firm by the factor.
(3) Here the responsibility of collecting the amount lies with the selling firm.
(ii) Maturity Factoring :
In this type, the factor agrees to finance the firm only after collecting the amount on maturity from debtors.
(iv) International Factoring :
When the claims of an Exporter are assigned to a financial institution and the finance is advanced on the basis of export invoice it is called as International factoring.

The important elements of logistics cost are Product Inventory at source, Pipeline Inventory, Product Inventory at warehouses and dealers, Transit Losses/Insurance, Storage Losses/ Insurance, Handling and Warehouse operations, Packaging, Transportation, Customer's Shopping.

1. Shippers (Users of logistics),
2. Suppliers (of logistics services),
3. Carriers(rail, road, air, water, pipeline, rope-way),
4. Warehouse providers,
5. Frieght Forwarders,
6. Terminal Operatros (ports, .stevedores etc),
7. Government (regulator of logistics).

SL. No.1 Characteristics Factoring Forfaiting 1. Basis of financing Financing is dependent on exporter's credit standing. Financing is dependent on the availing bank's financial standing 2. Cost Cost is borne by the seller. Cost is borne by the overseas buyer 3. Suitability For transactions of short-term maturity period. For transactions of medium-term maturity period 4. Extent of Financing Only a certain per cent of receivables factored is advanced. Full finance is available. 5. Risk Risk can be transferred to seller All risks are borne by the forfeiter

(i) Reduced Risk :
The franchisee will acquire the right of running an already established business, thus eliminating the risk of starting a new business.
(ii) Business expansion :
Franchising provides an opportunity to expand business at regional, national and global levels without incurring additional expenditure. Thus rapid growth of franchisor's business is facilitated.
(iii) Cost of advertising :
(1) The cost of advertising for the franchisor will be reduced since this cost will be shared by the franchisee.
(2) Moreover, it enables the franchisor to reap the benefits of increased visibility across regional and national boundaries.
(vi) Operational support :
The franchisee is provided assistance in not only obtaining finance, but also in deciding business location, decor /design, staff training, and handling day to day operations