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The word franchise is of Anglo-French derivation—from franc, meaning 'free'—and is used both as a noun and as a (transitive) verb. [2] For the franchisor, use of a franchise system is an alternative business growth strategy, compared to expansion through corporate owned outlets or "chain stores". Adopting a franchise system business growth ...
Franchising, a business method that involves licensing of trademarks and methods of doing business to franchisees; Franchise, a privilege to operate a type of business such as a cable television provider, public utility, or taxicab company, sometimes requiring the filing of tariff schedules, as in:
Microfranchising is a business model that applies elements and concepts of traditional franchising to small businesses in the developing world. It refers to the systemization and replication of micro-enterprises. Microfranchising is broadly defined as small businesses that can easily be replicated by following proven marketing and operational ...
It also offers lower fees than other gyms which helped increase its business volume. Franchise fee: $20,000. Royalty fee: 7%. Initial investment: $1 million to $4.2 million.
If you dream of opening your own business, join the crowd. In the midst of the coronavirus pandemic in 2020, Americans filed business applications at a record rate, with 4.4 million applications...
A franchise is a system in which entrepreneurs purchase the rights to open and run a business from a larger corporation. [11] Franchising in the United States is widespread and is a major economic powerhouse.
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