FRANCHISED Meaning and
Definition
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Franchised is an adjective that refers to something that has been granted or authorized as a franchise. A franchise, in turn, is a legal and commercial relationship between the owner of a trademark, brand, or business model (the franchisor) and an individual or entity (the franchisee) who is given the permission to operate a business using that trademark, brand, or business model in a specific geographical area.
Being franchised means that an individual or entity has entered into a contractual agreement with a franchisor, allowing them to operate a business under the same brand and business model as the franchisor. This relationship typically involves the payment of an initial fee and ongoing royalties or a percentage of sales to the franchisor in exchange for the right to use their trademark, brand identity, and benefit from the established business model.
Franchised businesses enjoy several advantages, such as the use of a well-known brand, established management and operational systems, marketing support, and access to training and expertise provided by the franchisor. However, they also face certain restrictions and obligations set forth by the franchisor, including adhering to operational standards, maintaining brand consistency, paying fees, and following the terms of the franchise agreement.
Franchising has become a popular business model across various industries, including fast food chains, retail stores, hospitality, and service-based businesses. It allows aspiring entrepreneurs or individuals interested in running their own business to benefit from the reputation and success of an established brand and its proven business practices.
Common Misspellings for FRANCHISED
Etymology of FRANCHISED
The word "franchise" originated from the Old French term "franccheise", which was derived from the Late Latin word "francisca" meaning "freedom" or "exemption". It initially referred to a specific privilege or right granted by a sovereign or ruler to certain individuals or groups. The term later evolved to include business-related connotations, specifically denoting the authorization provided to individuals or entities to operate a business under a recognized brand or trademark. Over time, the word "franchised" emerged as the past participle form of "franchise", indicating the state or act of granting a franchise.
Conjugate verb Franchised
CONDITIONAL
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would franchise
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FUTURE
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will franchise
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FUTURE PERFECT
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will have franchised
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PAST
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franchised
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PAST PERFECT
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had franchised
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PRESENT
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franchise
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PRESENT PERFECT
I
have franchised
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am franchising
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was franchising
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