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WordNet-Online
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Definitions from the WebFranchisingDefinition: Franchising refers to an arrangement in which one party, known as the franchisor, grants the rights to another party, known as the franchisee, to operate and sell a product or service under the franchisor's established brand and business model. Sense 1: Noun Franchising is a business strategy that allows individuals to own and run their own businesses while benefiting from the support and established reputation of a well-known brand. Example Sentence: The fast-food chain has seen tremendous growth through franchising, with new restaurants opening in various cities around the world. Sense 2: Verb When a company decides to expand through franchising, they franchise their business by granting others the right to operate under their established brand and business model. Example Sentence: The successful bakery plans to franchise their business as a way to enter new markets and increase their presence. Related Products: Franchise Business Books, Franchise Opportunities, Franchise Law Books | ||||
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