4/9/2021 · Franchise: A franchise is a type of license that a party (franchisee) acquires to allow them to have access to a business's (the franchiser) proprietary knowledge, processes, and trademarks in ...

franchise: [noun] freedom or immunity from some burden or restriction vested in a person or group.

In the United States a franchise generally exists when: The franchisor licenses a franchisee the right to use its trade or service mark; To identify the franchisee’s business in marketing a product or service using the franchisor’s operating methods; The franchisor provides the franchisee with ...

franchise definition: 1. a right to sell a company's products in a particular area using the company's name: 2. the…. Learn more.

Franchising is a form of marketing and distribution in which the owner of a business system (the franchisor) grants to an individual or group of individuals (the franchisee) the right to run a business selling a product or providing a service using the franchisor's business system. Franchisees are also given permission to use the franchisor's ...

Franchise definition, a privilege of a public nature conferred on an individual, group, or company by a government: a franchise to operate a bus system. See more.

1/10/2008 · Franchising is a business strategy for getting and keeping customers. It is a marketing system for creating an image in the minds of current and future customers about how the company's products ...

Franchise systems enjoy a very good image and wide fame based on the common brand, advertising, and coordinated flow of the entire organization. At the same time, the management of the system must monitor, as part of the permanent quality control, the observance of clearly defined standards. Each franchise system is subject to expansion.

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, and possibly covering a geographical area. The franchisor is the owner of the business that provides the product/service, while the ...