Definitions for franchising
fran·chis·ing

WiktionaryRate this definition:1.0 / 1 vote

1. franchisingnoun

   The establishment, granting, or use of a franchise.

WikipediaRate this definition:0.0 / 0 votes

1. Franchising

   Franchising is based on a marketing concept which can be adopted by an organization as a strategy for business expansion. Where implemented, a franchisor licenses some or all of its know-how, procedures, intellectual property, use of its business model, brand, and rights to sell its branded products and services to a franchisee. In return, the franchisee pays certain fees and agrees to comply with certain obligations, typically set out in a franchise agreement. The word franchise is of Anglo-French derivation—from franc, meaning 'free'—and is used both as a noun and as a (transitive) verb. 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 strategy for the sale and distribution of goods and services minimizes the franchisor's capital investment and liability risk. Franchising is rarely an equal partnership, especially in the typical arrangement where the franchisee is an individual, unincorporated partnership or small privately-held corporation, as this will ensure the franchisor has substantial legal and/or economic advantages over the franchisee. The usual exception to this rule is when the prospective franchisee is also a powerful corporate entity controlling a highly lucrative location and/or captive market (for example, a large sports stadium) in which prospective franchisors must then compete to exclude one another from. However, under specific circumstances like transparency, favourable legal conditions, financial means and proper market research, franchising can be a vehicle of success for both a large franchisor and a small franchisee. Thirty-six countries have laws that explicitly regulate franchising, with the majority of all other countries having laws which have a direct or indirect effect on franchising. Franchising is also used as a foreign market entry mode.

Webster DictionaryRate this definition:0.0 / 0 votes

1. Franchising

   of Franchise

WikidataRate this definition:0.0 / 0 votes

1. Franchising

   Franchising is the practice of using another firm's successful business model. The word 'franchise' is of Anglo-French derivation - from franc - meaning free, and is used both as a noun and as a verb. For the franchisor, the franchise is an alternative to building 'chain stores' to distribute goods that avoids the investments and liability of a chain. The franchisor's success depends on the success of the franchisees. The franchisee is said to have a greater incentive than a direct employee because he or she has a direct stake in the business. Essentially, and in terms of distribution, the franchisor is a supplier who allows an operator, or a franchisee, to use the supplier's trademark and distribute the supplier's goods. In return, the operator pays the supplier a fee. Thirty three countries, including the United States, and Australia, have laws that explicitly regulate franchising, with the majority of all other countries having laws which have a direct or indirect impact on franchising.

How to pronounce franchising?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say franchising in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of franchising in Chaldean Numerology is: 1

2. Pythagorean Numerology

   The numerical value of franchising in Pythagorean Numerology is: 9

Examples of franchising in a Sentence

1. Matthew Sprague:

   I’d never really thought about franchising, i met a franchise broker at the expo. We started going through concepts, and I found Bar-B-Clean. I decided that’s the one I’m going with.

2. Charlie Chase:

   Franchising has always been an on-ramp for the middle class to open their own business.

3. Marcel Fairbairn:

   I spent what I needed to spend to build the best system, but I ’m also stubborn. I made the mistake in the first few years of trying to ‘ fix ’ franchising. I always looked around and did not want to do things like other franchises. But I was wrong.

4. Suzanne Scott:

   Disney has been at the forefront of pushing a particular networked franchising model that is seen by some as squeezing out original, smaller budget, or more' adult' fare, it's important that star-driven films like' Ad Astra' perform at the box office because they offer a rebuttal that the older model is still viable.

5. Lorne Fisher:

   I think a lot of people come into franchising and buy a single unit because they want a job, if they get one unit and x amount of income, they’re happy. But enterprise-building franchisees must have the skills to manage multiple units at once and also run a back office. You’re dealing with lots of moving parts, and it’s not for someone just getting into franchising to pay the bills. It requires a radically different mindset than single-unit franchisees’.

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References

1. ^ Wiktionary
   https://en.wiktionary.org/wiki/Franchising
2. ^ Wikipedia
   https://en.wikipedia.org/wiki/Franchising
3. ^ Webster Dictionary
   https://www.merriam-webster.com/dictionary/franchising
4. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=franchising