What do u understand of franchaise?

Answer 1

1. I understand that you are either a poor speller, or you do not proof read your questions before posting them. I am going to assume you mean franchise.

2. Here's a definition:
"The term 'franchising' has been used to describe many different forms of business relationships, including licensing, distributor and agency arrangements. The more popular use of the term has arisen from the development of what is called 'business format franchising.'

Business format franchising is the granting of a license by one person (the franchisor) to another (the franchisee), which entitles the franchisee to trade under the trade mark/trade name of the franchisor and to make use of an entire package, comprising all the elements necessary to establish a previously untrained person in the business and to run it with continual assistance on a predetermined basis."
http://www.thebfa.org/whatis.asp

3. Franchising is common in the fast food industry:
(a) McDonald's
http://www.mcdonalds.com/content/corp/franchise/franchisinghome.html
(b) Yum! Brands (KFC, PIzza Hut, Taco Bell and others)
http://www.yumfranchises.com/KFC
(c) Burger King
http://www.franchise-international.net/franchise/Burger-King/A-World-of-Franchise-Opportunity/535
(d) Nando's
http://franchise.nandos.com/
(e) Wendy's
http://www.wendys.com/contact.jsp