Franchise meaning

The word franchise is of Anglo-French derivation—from franc, meaning free— and is used both as a noun and as a (transitive) verb. For the franchisor, use of a. Meaning, pronunciation, translations and . An authorization granted by a government or company to an individual or group enabling them to carry out specified commercial activities, for example acting . Definition of franchising : Arrangement where one party (the franchiser) grants another party (the franchisee ) the right to use its trademark or trade-name as well. Definition : A continuing relationship in which a franchisor provides a licensed privilege to the franchisee to do business and offers assistance in . Video shows what franchise means.

Franchising is a marketing strategy for business . A right or privilege. How to pronounce, definition. Small Business - Chron. The definition of franchising comes down to the following: it is a business system in which an established company (known as a franchisor) . Read the full meaning . The five major types of franchises are: job franchise , product franchise , business format franchise , investment franchise and conversion franchise. In other words, a franchise is the right to produce a licensed product by the owner of the license.

When you hear the word “ franchise ” you probably think of fast food restaurants . This type of franchise is when the franchisor gives the rights to trademarks, trade names, business process and the system in order for the . What is a franchise and how does it work? Generally, it involves . A franchise is a way of structuring a business. The noun franchise originally meant freedom from servitude, and it was first used with this meaning in English in the early 14th century.

A privilege granted or sol such as to use a name or to sell products or services. In its simplest terms, a franchise is a license from the owner of a trademark or . Upgrade your knowledge about franchise with . Learning Objectives. Discuss the advantages . You may find it easier to secure finance for a franchise. It may cost less to buy . A privilege or right granted by law, especially the right to vote in the election of public officials. You pay a franchise fee and you get a . In the Code, a franchise.

So, what is the definition of a franchise ? Knowledge is power! Next : frankPrevious : franc. Bangla Academy Dictionary: Nearby Words:.