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WordNet-Online
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Definitions from the WebFranchise is a term used to refer to a legal and commercial relationship between the owner of a trademark, brand, or business model (the franchisor) and an individual or company (the franchisee) who is granted the right to operate a business under the franchisor's established name and business format. Sample Sentences: 1. Noun (Business): A franchise allows individuals the opportunity to own and operate a successful business with the support and established reputation of a well-known brand. - Example: "I decided to open a McDonald's franchise in my city to capitalize on the brand's popularity and built-in customer base." - Example: "The franchise offers comprehensive training and ongoing support to ensure the success of its franchisees." 2. Verb (Grant a Franchise): To franchise a business means to grant someone the right to operate a business using your established brand and business model. - Example: "The company decided to franchise its successful restaurant concept to expand its reach into new markets." - Example: "He successfully franchised his innovative gym concept, allowing others to replicate his business model." Related Products: To explore more about franchises, you can check out the following related products on Amazon:
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