franchised
Meanings
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noun
The right granted by a company to an individual or group to operate a business using the company's name, products, and systems.
- "The local restaurant is a franchised branch of a national chain."
- "Many people prefer buying a franchised business because of the established brand and support."
Variants
List of all variants of franchised that leads to same resultfranchise , franchised , franchises , franchising
Etymology
origin and the way in which meanings have changed throughout history.Derived from the Old French word 'franchisir', meaning 'to set free' or 'to grant freedom'. In the context of business, it refers to the granting of rights and freedoms to operate under an established brand.
Trivia
Any details, considerations, events or pieces of information regarding the word-
The first franchised business was opened in the United States in 1850, when a man named James McLamore began selling hamburgers using the White Castle system.
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As of 2021, there are over 750,000 franchised businesses in the United States, employing over 8 million people.
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Franchising is popular in industries such as fast food, retail, and services because it allows businesses to expand rapidly while maintaining consistency and control over operations.
Related Concepts
informations on related concepts or terms closely associated with the word. Discuss semantic fields or domains that the word belongs to-
Franchisee: An individual or group that purchases the rights to operate a franchised business.
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Franchisor: The company that grants the rights to operate a franchised business.
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Business Format Franchising: A type of franchising where the franchisee buys the right to use the franchisor's business model, systems, and branding.
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.Franchising is a common business model used in various industries, from fast food to retail and services. It allows small business owners to benefit from the reputation and resources of a larger company while maintaining independence.
How to Memorize "franchised"
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visualize
- Visualize a franchised business as having the support, branding, and resources of a larger company while maintaining independence.
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associate
- Associate the term 'franchised' with the idea of a business operating under an established brand and receiving support from a larger company.
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mnemonics
- Create a mnemonic such as 'Freedom to Operate' to remember the definition of franchised.
Memorize "franchised" using Dictozo
The best and recommended way to memorize franchised is, by using Dictozo. Just save the word in Dictozo extension and let the app handle the rest. It enhances the memorization process in two ways:
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Highlighting:
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Periodic Reminders:
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