In business, what does "franchise" mean?

Native speaker’s answer

Rebecca

In business, a "franchise" is a business, brand, or organization that can give authority to individuals to sell their goods or services in a particular area as an extension of that business. That extension would also be called a "franchise." Ex: The restaurant is a franchise. So you'll find the same restaurant in different cities with hardly any difference. Ex: I'd like to own a franchise one day. => the right to sell goods or services of an organization Ex: We franchised our business a few years back, and stores have opened across the country.

How do native speakers use this expression?

Share this post

Popular Q&As

01/08

1
What's the main difference between being "blessed" and "graced"?
The difference between using it this way: "to be blessed" or "to be graced" - is that when you are "blessed", you have received a "blessing". A "blessing" is a gift, or something, that you are grateful to have or experience. "Graced" means to bring honour and to make something more attractive. Ex: The CEO graced us with his presence last night. Ex: I feel so blessed to be here with you all. Ex: The awards the boy band received graced the studio hallway. Ex: What a blessed day!

2
What's "work out" mean?
Here, "work out" means for something to have a good and specific result, or for something to be accomplished. It can also mean planning or devising something! Ex: I'm so glad our meet-up worked out! It was great to see you again. => I'm so glad we were able to meet up! It was great to see you again. Ex: We'll work out all the details later. => plan Ex: It didn't work out with John. We broke up.

3
What does "all of a sudden" mean?
That's a good question! The phrase "all of a sudden" is another way to say "suddenly", which describes an action that happens immediately without expectation. Ex: He walked outside and all of a sudden it started to rain.

4
What does "making" refer to here?
The word "making" means to create or produce something. In this context, "making" is used to refer to creating an annual tradition out of the beach trip. Ex: What are you making with that wood? Ex: She is making dinner.

5
Do American students usually carry tissue around?
Some do! I usually had a small pack of tissues when I was a high school and college student. It really depends on the student. Most American classrooms have tissues, so if we needed one and didn't have any with us, we would use those in the classrooms. I don't think they carry tissues with them for elementary students since they are offered in classrooms.

Complete the expression with a quiz!