Definitions from the Web
Franchising
Definition:
Franchising is a business model in which a company (franchisor) grants an individual or another company (franchisee) the right to operate a business using its brand, trademarks, and proven methods of operation in exchange for a fee or a percentage of sales.
Sample Sentences:
- McDonald's has successfully expanded its presence worldwide through franchising.
- The entrepreneur decided to invest in franchising a popular coffee shop chain.
- Franchising allows individuals to become business owners with the support and reputation of an established brand.
- She is considering franchising her bakery so that she can expand into new locations.
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