franchise

Meanings

• noun

  A business granted, by a company, permission to operate under its name and use its business model.

  - "The local burger franchise has opened a new location in town."
  - "Many people start their own businesses by buying a franchise from an established company."

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Synonyms

concession , franchisee

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Variants

List of all variants of franchise that leads to same result
franchise , franchises , franchised , franchising

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Etymology

origin and the way in which meanings have changed throughout history.

From the 13th century Old French word 'franchisage', meaning 'granting of privileges'.

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Trivia

Any details, considerations, events or pieces of information regarding the word

1. The first franchised restaurant was opened by the White Castle hamburger chain in 1921.

2. McDonald's is the largest franchise in the world, with over 38,000 locations in more than 100 countries.

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Related Concepts

informations on related concepts or terms closely associated with the word. Discuss semantic fields or domains that the word belongs to

1. franchisor: The company that grants the franchise.

2. franchisee: The individual or group that purchases the franchise and operates the business under the franchisor's brand.

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Culture

Any cultural, historical, or symbolic significance of the word. Explore how the word has been used in literature, art, music, or other forms of expression.

Franchises have become a significant part of modern business culture, with franchises representing a large portion of retail businesses and quick-service restaurants.

How to Memorize "franchise"

1. visualize
   

   - Imagine a business owner signing a contract with a larger corporation to start a franchise.

2. associate
   

   - Think of a chain of stores or restaurants all selling the same products or services.

3. mnemonics
   

   - Form a mental image of a franchise as a 'business in a box', with all the necessary elements provided by the franchisor.

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