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What is the definition of Franchising? 🙋

👉 Franchising, also known as franchiseing, is a business model in which a company acquires an existing brand or product and uses it to operate a new, independently owned business. The franchisor operates under a contract with the franchisee, who then markets and sells their own products or services under the name of the franchisor. Franchises are particularly useful for businesses that are looking to establish themselves in a specific market segment but do not have the necessary resources to start from scratch. They


franchising

https://goldloadingpage.com/word-dictionary/franchising

What is the definition of Franchisement? 🙋

👉 Franchising, also known as franchiseing, is a business model in which an individual or company acquires and operates a business with the aim of creating a market for their product or service. Franchisors are responsible for marketing, branding, training, and managing the operations of the franchised business. In this context, "franchising" refers to the process of acquiring and operating a franchise business through a partnership between an individual or company that acquires the rights to operate the business under


franchisement

https://goldloadingpage.com/word-dictionary/franchisement

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