In business, what's the main difference between a "franchise" and a "chain?"
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Native speaker’s answer
Rebecca
The main difference between a "franchise" and a "chain" is who owns it. A "franchise" store is owned by an individual, a separate investor. Whereas a "chain" is owned by a corporation on behalf of shareholders. Ex: They had to close the franchise because the owner was running things differently from the brand. Ex: They've opened multiple chains and plan on opening more.