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- Title
FRANCHISE AND LEASING - LEASING AS AN ALTERNATIVE MEANS OF FINANCING SMALL BUSINESSES.
- Authors
Begolli, Elena
- Abstract
The development of technology is closely related to the development of science and technology. Under the technology we can understand the knowledge about the handling of production processes and processes as well as their application. By realizing the new technical possibilities and new conditions, entrepreneurs, if they analyze the market conditions, can first take advantage of its advantages and thus can maintain the competitive advantage of their companies or enterprises. Managing technology and linking them to market opportunities is the foundation of any successful entrepreneurship. The availability of technology is an important component for both the society and the state as a whole, thereby achieving the economic growth and development of each country. The development of technology and its application depends on the social, economic and cultural structure of each society. Full development conditions for technology exist only in developed countries, while other undeveloped countries in the world are economically based on technology transfer. The technology transfer forms can be divided into commercial and non-commercial transfers. Commercial technology transfer can take the form of direct investment (equity form) and non-equity form. In non-equity form - leasing, license and franchise, they represent forms of technology transfer and also a form for inclusion in the world market. On the other hand, they differ according to the subject of the contract, the problems of transfer of technology, the manner of payment of the owner as well as the importance of the marketing support for the realization of the agreed transfer of technology. This paper will deal with several types of long-term financing contracts that are often used by financial managers.
- Subjects
SMALL business; BUSINESSPEOPLE; ECONOMIC development; TECHNOLOGY transfer; FINANCIAL management
- Publication
Knowledge: International Journal, 2019, Vol 31, Issue 1, p167
- ISSN
2545-4439
- Publication type
Article