Business Studies, asked by SMARTAlessia6804, 1 year ago

What do you understand by franchising?

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Answered by bhaveshpandya7893

6

Franchising. ... Essentially, a franchisee pays an initial fee and ongoing royalties to a franchisor; in return, the franchisee gains the use of a trademark, ongoing support from the franchisor, and the right to use the franchisor's system of doing business and sell its products or services.

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