WebFranchise chain synonyms, Franchise chain pronunciation, Franchise chain translation, English dictionary definition of Franchise chain. n. 1. A privilege or right granted by law, especially the right to vote in the election of public officials. 2. A special privilege given by government to a... WebNov 17, 2024 · 1. Introduction. Franchising is a business model where the franchisor extends business know-how, intellectual rights and the right to operate in the name of a brand for consideration (usually in the form of fees and royalties) to the franchisee. The globalization of franchising took off in the 1990s as a result of push factors (domestic …

What Is Franchising? - Definition & Explanation - Video & Lesson ...

WebA 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 … Webfranchise: [noun] freedom or immunity from some burden or restriction vested in a person or group. cloth cubes

Franchisee in Marketing: Definition & Explanation Study.com

Webfranchise n. (commercial licence) concession nf. This shop has a franchise to sell the large company's products. Ce magasin dispose d'une franchise pour vendre les articles de … Web1 a (1) : 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 just opened a new fast-food franchise down the street (2) : the territory involved in such a right b : a constitutional or statutory right or privilege Webfranchise n (commercial licence) licencia nf : habilitación nf : franquicia nf : This shop has a franchise to sell the large company's products. Esta tienda tiene licencia para vender los productos de la gran compañía. franchise n (series: concept) franquicia nf : licencia nf : The film franchise made the studio a lot of money. byo foods