franchise
The Unraveled Truth: Demystifying the Meaning of Franchise
A franchise is a business model in which a company (the franchisor) licenses its trademarks, branding, and business model to independent individuals or companies (the franchisees) to operate under the franchisor’s name. Franchisees pay the franchisor an initial fee and ongoing royalties in exchange for the right to use the franchisor’s trademarks, systems, and support. […]