Search results
- DictionaryFran·chise/ˈfranˌ(t)SHīz/
noun
- 1. an authorization granted by a government or company to an individual or group enabling them to carry out specified commercial activities, e.g., providing a broadcasting service or acting as an agent for a company's products: "Toyota granted the group a franchise"
- 2. the right to vote: "the franchise was limited to Estonian citizens"
verb
- 1. grant a franchise to (an individual or group): "a franchised dealer"
The meaning of FRANCHISE is the right or license granted to an individual or group to market a company's goods or services in a particular territory; also : a business granted such a right or license. How to use franchise in a sentence.
Jun 30, 2024 · A franchise is a business whereby the owner licenses its operations—along with its products, branding, and knowledge—in exchange for a franchise fee.
A franchise is a business agreement in which a business (franchisor) grants another person or business (franchisee) the right to use its trademark brand and business systems in exchange for ongoing royalties and/or fees.
What is a Franchise? A franchise (or franchising) is a method of distributing products or services involving a franchisor, who establishes the brand’s trademark or trade name and a business system, and a franchisee, who pays a royalty and often an initial fee for the right to do business under the franchisor's name and system.
Nov 7, 2023 · Understanding Franchise. A franchise is a business arrangement where one party, the franchisor, grants another party, the franchisee, the rights to use its brand, business model, and proprietary knowledge in exchange for a fee.
A franchise is merely a temporary business investment involving renting or leasing an opportunity, not the purchase of a business for the purpose of ownership. It is classified as a wasting asset due to the finite term of the license. Franchise fees are on average 6.7% with an additional average marketing fee of 2%. [10]
FRANCHISE definition: 1. a right to sell a company's products in a particular area using the company's name: 2. the…. Learn more.
Simply, a franchise is the right or license granted by a company (the franchisor) to an individual or group (the franchisee) to market its products or services in a specific territory or area. How Does a Franchise Work?
Franchise definition: a privilege of a public nature conferred on an individual, group, or company by a government. See examples of FRANCHISE used in a sentence.
FRANCHISE meaning: 1. a right to sell a company's products in a particular area using the company's name: 2. the…. Learn more.