Franchising: meaning, definitions and examples
๐ช
franchising
[ หfrรฆnหtสaษชzษชล ]
business model
Franchising is a business model where a company (the franchisor) allows individuals (franchisees) to operate a business under its brand and sell its products or services. The franchisee pays a fee and often a percentage of sales to the franchisor in exchange for access to its brand, marketing, and operational support.
Synonyms
business partnership, franchise system, licensing.
Examples of usage
- Many popular fast-food chains operate through franchising.
- Franchising can be a low-risk way to start a business.
- The franchising model has expanded into various sectors beyond food.
Translations
Translations of the word "franchising" in other languages:
๐ต๐น franchising
๐ฎ๐ณ เคซเฅเคฐเฅเคเคเคพเคเคเคผเคฟเคเค
๐ฉ๐ช Franchising
๐ฎ๐ฉ franchising
๐บ๐ฆ ััะฐะฝัะฐะนะทะธะฝะณ
๐ต๐ฑ franchising
๐ฏ๐ต ใใฉใณใใฃใคใบ
๐ซ๐ท franchise
๐ช๐ธ franquicia
๐น๐ท franchising
๐ฐ๐ท ํ๋์ฐจ์ด์ฆ
๐ธ๐ฆ ุงูุงู ุชูุงุฒ
๐จ๐ฟ franchising
๐ธ๐ฐ franchising
๐จ๐ณ ็น่ฎธ็ป่ฅ
๐ธ๐ฎ franลกizing
๐ฎ๐ธ franchising
๐ฐ๐ฟ ััะฐะฝัะฐะนะทะธะฝะณ
๐ฌ๐ช แคแ แแแฉแแแแแแแ
๐ฆ๐ฟ franchising
๐ฒ๐ฝ franquicia
Etymology
The term 'franchising' originates from the French word 'franchise' which means 'freedom' or 'privilege'. The concept gained traction in the United States during the mid-20th century, particularly as major corporations sought to expand their reach while minimizing direct management responsibilities. While the roots of franchising can be traced back to medieval times when the king granted rights to certain individuals to use his name and resources, modern franchising as we know it began in the post-World War II era with companies like McDonald's, which pioneered the fast-food franchising model. Over the decades, franchising has evolved into a widely accepted strategy for business expansion across various sectors, from retail to services, allowing entrepreneurs to leverage established brands while minimizing the risks associated with starting a business from scratch.