What is a franchise?

A right conferred or established by a government, such as the right to vote (exercise one's ...

	Tuesday, February 24, 2015 franchise   Term of the Day franchise 1. A right conferred or established by a government, such as the right to vote (exercise one's franchise) in a local or national election. 2. Commerce: (1) A privilege granted to make or market a good or service under a patented process or trademarked name. (2) A business operating under such privilege. 3. Law: A government-conferred right to exist as a legal business entity within a ... Learn more about this term Usage Example But if you see a relatively new company asking for very high franchise fees, a mental red flag should go up.   Featured Article Types of Small Business Loans Acquiring financing to grow your small business can be a challenge, but is achievable if you plan ahead. Why Do You Need a Loan? Before you get started with ... Read this article   Voice Your Opinion Finish this sentence: Never underestimate the power of...   Take us with you! Download the BusinessDictionary app today.
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