What Is Franchising in short?
Franchising is a business arrangement where a franchisor grants a franchisee the right to operate a business using the franchisor’s brand, products, and business model. In return, the franchisee pays fees or royalties to the franchisor and follows their established guidelines and standards. It’s a way for individuals or businesses to replicate a successful business concept under a well-known brand while benefiting from the franchisor’s support and expertise.
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