what is a franchise?

Answer 1

a franchise in plain terms is when a business for example a fast food outlet decides to open more branches in other places. They then sell the business concept to another person who opens that branch. The thing is that the head office will still control all major decisions when it comes to the franchise, so they will dictate specials and prices and marketing strategies.

Answer 2

Franchise generally means a right or privilege. It may refer to:

Suffrage, the civil right to vote
A franchise (i.e., a franchise outlet) operated under the business method of franchising: the licensing of trademarks and methods of doing business. This use of the term is most common in North America
An exclusive right
A government-granted monopoly, e.g. a "cable franchise"
Media franchise, ownership of the characters and setting of a film, video game, book, etc., particularly in North American usage
Franchise (Asimov), a 1989 novel (and a story in the anthology Nine Tomorrows) by Isaac Asimov
In sport:

A professional sports team, a usage originating and prevalent in the United States, usually operated under the American-style of a professional sports league organization
A key or star player in many American sports; such a player may be referred to as a "franchise player", or may licence use of his name or image on franchised goods.
Shane Douglas, a professional wrestler known as "The Franchise"
Relocation of professional sports teams, in UK usage

In music:
Dem Franchize Boyz, an African-American rap group
Franchize, a Filipino-American rapper

Answer 3

Let's say there is a Burger King needed renting and manager, but u want own this particular B.K. U buy the B.K. name and that is called by a franchise, your buying their name not company.

Answer 4

McDonalds