Franchise

Franchise

The system by which independent firms are authorised to use a common business system.

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Part of Speech: noun
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Blossary:
Industry/Domain: Economy
Category: Economics
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Related terms

franchise

Retail; Supermarkets

A contractual agreement on a brand, service, name, operation or procedure.

franchising

Banking; Investment banking

System under which a licence is granted to manufacture or market a product or service for which the equipment or supplies are manufactured and furnished by the franchisor. The ...

franchising

Professional careers; Sales

An arrangement in which a supplier grants a dealer the right to sell a product in return for some percentage of the total sales, typically, the supplier provides buildings and ...

franchise

Professional careers; Sales

A business model where a franchisee purchases the right to trade in goods or services, within the terms of a franchise agreement.

franchise

Tourism & hospitality; Hotels

The right to market a service and/or product often exclusive for a specified area, as granted by the manufacturer, developer or distributor in return for a fee: prevalent in the ...

Franchising

Economy; Economics

an arrangement in which a supplier grants a dealer the right to sell a product in return for some percentage of the total sales; typically, the supplier provides buildings and ...

immaterial economy

Economy; Economics

An economy in which traditional investment in areas such as natural resources, equipment and infrastructures lags behind immaterial items such as training and research and ...

digital economy

Economy; Economics

The digital economy represents the persuasive use of IT (hardware, software, applications and telecommunications) in all aspects of the economy, including internal operations of ...

knowledge management

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Management of the intellectual product that is generated by associating relationships among items of data and information in a given field. Source: Termium plus. Sub verbis ...

internet economy

Economy; Economics

A business environment created by networks of enterprises conducting e-commerce. (The "I" in "internet is normally spelled with a capital "I") Source: Samarajiva, Rohan. “How the ...

circular economy

Economy; Economics

The discipline which focuses on the design, development, operation, renewal and decommissioning of industrial facilities as ecological systems, with an emphasis on the ...

economic intelligence

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The techniques for extracting essential information from a large volume of data and presenting it in an easy-to-understand form, hiding all complexity, making it suitable for ...