Full Answer
What is another word for franchising?
Synonyms for franchising include authorising, authorizing, permitting, granting, licencing, licensing, contracting, contracting out, allowing and letting. Find more ...
What does it mean to grant a franchise?
['ˈfrænˌtʃaɪz'] grant a franchise to. noun. ['ˈfrænˌtʃaɪz'] a statutory right or privilege granted to a person or group by a government (especially the rights of citizenship and the right to vote). noun.
What does'franchise'mean?
['ˈfrænˌtʃaɪz'] grant a franchise to. noun. ['ˈfrænˌtʃaɪz'] a statutory right or privilege granted to a person or group by a government (especially the rights of citizenship and the right to vote).
What does I am prepared to respect the franchise mean?
I am prepared to respect the franchise, to give substantially, although not nominally, equality. BLACKWOOD'S EDINBURGH MAGAZINE, NO. CCCXXXIX. JANUARY, 1844. VOL. LV. VARIOUS Likewise, he owned the stage line and franchise, controlling the only right of way by which a railroad could reach up the valley.
What is another term for franchise?
What is another word for franchise?suffragevoteagreementauthoritycontractexemptionfreedomimmunitylicencelicense15 more rows
What is franchise simple words?
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.
What do you call a company that has franchises?
A franchisor sells the right to open stores and sell products or services using its brand, expertise, and intellectual property. It is the original or existing business that sells the right to use its name and idea.
What does the word franchise mean in business?
Put simply, a franchise is the right or licence granted by a company (franchisor) to an individual (franchisee) to market and/or trade products and services in a specific area or territory.
What are the 4 types of franchising?
The four types of franchise business you can invest inJob or operator franchise. These owner operator franchises are usually home based, which keeps overheads down to a minimum. ... Management franchise. ... Retail and fast food franchises. ... Investment franchise.
What is an example of a franchise?
Examples of well-known franchise business models include McDonald's (NYSE: MCD), Subway, United Parcel Service (NYSE: UPS), and H&R Block (NYSE: HRB).
What is a small business called?
A micro business is a type of small business that employs fewer than 10 people, according to the Small Business Association, while small businesses can include businesses with up to 500 employees.
What do you call a business that has multiple locations?
multinational. noun. a large company that has offices, shops, or factories in several countries.
What is a group of company called?
A corporate group or group of companies is a collection of parent and subsidiary corporations that function as a single economic entity through a common source of control.
Why do companies franchise?
Franchising allows bigger businesses to branch out and grow while giving people the opportunity to run their own business with the help and support of a larger company that has a proven formula for success.
What does it mean to own a franchise?
A franchise enables you, the investor or franchisee, to operate a business. You pay a franchise fee and you get a format or system developed by the company (franchisor), the right to use the franchisor's name for a specific number of years and assistance.
How do I start a franchise business?
Steps to Start a FranchiseStep 1: Research your options. ... Step 2: Select a franchise that aligns with your business goals. ... Step 3: Create an LLC or a corporation. ... Step 4: Arrange financing. ... Step 5: Talk to the franchisors and franchisees. ... Step 6: Talk to members of your community. ... Step 7: Create a business plan.More items...•
What does the word franchise means in English?
Definition of franchise (Entry 1 of 2) 1a(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.
What is the main purpose of franchising?
Franchising allows bigger businesses to branch out and grow while giving people the opportunity to run their own business with the help and support of a larger company that has a proven formula for success.
What is a franchise and how does it work?
A franchise enables you, the investor or franchisee, to operate a business. You pay a franchise fee and you get a format or system developed by the company (franchisor), the right to use the franchisor's name for a specific number of years and assistance.
What are 2 advantages of a franchise?
Advantages of buying a franchise You don't necessarily need business experience to run a franchise. Franchisors usually provide the training you need to operate their business model. Franchises have a higher rate of success than start-up businesses. You may find it easier to secure finance for a franchise.
antonyms for franchise
Roget's 21st Century Thesaurus, Third Edition Copyright © 2013 by the Philip Lief Group.
How to use franchise in a sentence
If the only impression you have of Deadpool is Ryan Reynolds mouthing off in the movie franchise, do yourself a favor and pick up this 2012 series by Croatian comic genius Dalibor Talajic.
charter
Roget's 21st Century Thesaurus, Third Edition Copyright © 2013 by the Philip Lief Group.
