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Bookmark or Share- What Is a Franchise? | Franchise FAQsWhat Is a Franchise? A franchise is a business model where one party, the franchisor, grants another party, the franchisee, the rights to operate under its established brand and business system.
- Franchising - WikipediaFranchising 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] .
- What is franchising? Definition and examples - Market ...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.
- What Is Franchising & How Does It Work? | Britannica MoneyIf this sounds like a reasonable deal—starting an entrepreneurial venture by piggybacking on an established brand—then maybe franchising is right for you. A franchise model bridges the gap between a company’s growth aspirations and an entrepreneur’s venture-seeking ambition.
- What Is a Franchise, and How Does It Work? - InvestopediaA franchise is a type of license that grants a franchisee access to a franchisor's proprietary business knowledge, processes, and trademarks, thus allowing the franchisee to sell a product...
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