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Franchising

Description

Franchising refers to a business model where an entrepreneur (franchisee) purchases the rights to operate a business under the established brand name and proven system of another company (franchisor). This contractual relationship allows the franchisee to replicate the franchisor's successful business model, products, and services.

Sense 1 - Noun: Business Model

Franchising can be seen as a business model in which the franchisor grants the franchisee the rights to use their brand and business system in exchange for monetary considerations.

Example sentence: Many entrepreneurs find franchising to be an attractive business model due to the support and reputation associated with well-established franchise brands.

Related products: Franchise Business Books on Amazon

Sense 2 - Verb: Expanding via Franchises

Franchising can also refer to the act of expanding a business by granting franchises to interested parties.

Example sentence: The pizza chain successfully franchised their business into multiple locations, allowing them to rapidly expand their market presence.

Related products: Franchise Expansion Strategies on Amazon