What is a franchise?
Franchise: A form of business in which a firm which already has a successful product or service sells the right to do business under the franchisor's trade name and usually with the franchisor help.
Franchise: A form of business in which a firm which already has a successful product or service sells the right to do business under the franchisor's trade name and usually with the franchisor help.
Franchisee: the person who buys the right to do business from
the franchisor.
Franchisor: the person who sells the right to use their business
to the franchisee.
Watch this video about franchises.
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