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1. Dictionary

   franchise

   /ˈfran(t)ʃʌɪz/

   noun

   • 1. an authorization granted by a government or company to an individual or group enabling them to carry out specified commercial activities, for example acting as an agent for a company's products: "Toyota granted the group a franchise" Similar warrantcharterlicencepermitauthorizationpermissionsanctionconcessionprivilegeprerogativeseal of approval
   • ▪ a business or service given a franchise to operate: "fast-food franchises dot the roadside"
   • ▪ a general title or concept used for creating or marketing a series of products, typically films or television shows: "the Harry Potter franchise"
   • ▪ an authorization given by a league to own a sports team: North American "the two cities will be awarded franchises as the teams join the National League"
   • ▪ a professional sports team. informal North American
   • ▪ a star player in a team. informal North American
   • 2. the right to vote in public elections: "the franchise was limited to Estonian citizens"
   • ▪ the rights of citizenship: "the bishop's authority was deployed to extend the franchise of civilized Christian living" Similar suffragethe votethe right to votevoting rightsenfranchisementa voiceone's sayOpposite disenfranchisement

   verb

   • 1. grant a franchise to (an individual or group): "a franchised dealer"
   • ▪ grant a franchise for the sale of (goods) or the operation of (a service): "all the catering was franchised out"

   Word Origin Middle English (denoting a grant of legal immunity): from Old French, based on franc, franche ‘free’ (see frank1). franchise (sense 2 of the noun) dates from the late 18th century and franchise (sense 1 of the noun) from the 20th century.

   Scrabble Points: 17

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2. www.investopedia.com › terms › fWhat Is a Franchise, and How Does It Work? - Investopedia

   www.investopedia.com › terms › f

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   Jun 30, 2024 · A franchise is a license that allows a franchisee to sell a product or service under a franchisor's name and brand. Learn how franchises work, their advantages and disadvantages, and the federal regulation of franchises in the U.S.

3. Videos

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     What is a Franchise?

     28 Jan 2014

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     How Franchising Works | Examples from McDonald's

     25 Apr 2022

     134.7K views

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     What is Franchising

     6 Jan 2020

     249K views

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4. www.franchiseclues.com › franchise-101 › what-is-aWhat Is A Franchise? How Does it Work?

   www.franchiseclues.com › franchise-101 › what-is-a

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   Nov 7, 2023 · Understanding Franchise. A franchise is a business arrangement where one party, the franchisor, grants another party, the franchisee, the rights to use its brand, business model, and proprietary knowledge in exchange for a fee.

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5. www.whichfranchise.com › what-is-a-franchiseWhat is Franchising?

   www.whichfranchise.com › what-is-a-franchise

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   May 10, 2024 · In our first step we look at what a franchise is and the two methods of franchising, as well as examing the advantanges and disadvantages of franchising.

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6. marketbusinessnews.com › franchisingWhat is franchising? Definition and examples - Market ...

   marketbusinessnews.com › franchising

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   Franchising is an arrangement in which the franchisor gives the franchisee the right to distribute and sell the franchisor’s goods or services and use its business name and business model for a specified period.

7. www.franchise.org › faqs › basicsFranchising Definition & Meaning | Franchise Business Format

   www.franchise.org › faqs › basics

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   What is a Franchise? A 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 an initial fee for the right to do business under the franchisor's name and system.

8. www.britannica.com › money › what-is-franchisingWhat Is Franchising & How Does It Work? | Britannica Money

   www.britannica.com › money › what-is-franchising

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   A franchise is a business agreement in which a business (franchisor) grants another person or business (franchisee) the right to use its trademark brand and business systems in exchange for ongoing royalties and/or fees.

9. People also ask

   What are the criteria for franchisability?

   • The next criteria of franchisability is the ability to teach a system to others. To franchise, a business must generally be able to thoroughly educate a prospective franchisee in a relatively short period of time.

   Criteria for Franchisability | iFranchise Group

   www.ifranchisegroup.com/franchise-your-business/criteria-for-franchisability/

   See all results for this question

   Is franchising a good business model?

   • The National Labor Relations Board 's immediate target is franchising, the business model in which a larger “franchiser” enables a small business (the “franchisee”) to use its brand. Restaurants, hotels, healthcare companies, and dozens of other industries use this model, which makes it easier for entrepreneurs to start a small business.

   Do we all work for the federal government?

   www.washingtonexaminer.com/opinion/do-we-all-work-for-federal-government

   See all results for this question

   Is your business ready for franchising?

   • It is true that almost any business can be franchised. However, not every business can be franchised successfully. The first thing you need to do is to step back and objectively identify whether franchising is suitable for you. A business ready for franchise should be credible, sustainable, teachable, unique and profitable.

   How do I franchise my business?

   www.whichfranchise.com/franchiseYourBusiness/indepthAdvice.cfm

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10. en.wikipedia.org › wiki › FranchisingFranchising - Wikipedia

    en.wikipedia.org › wiki › Franchising

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    Franchising is based on a marketing concept which can be adopted by an organization as a strategy for business expansion. Where implemented, a franchisor licenses some or all of its know-how, procedures, intellectual property, use of its business model, brand, and rights to sell its branded products and services to a franchisee. [1] .