Why are Franchises so successful?

Franchises
Why are Franchises so successful?

Franchises 

Franchises are defined type of license.

At its core, though, franchising is about the relationship the franchisor has with its franchisees.

The franchisor licenses its trade name and its operating methods (its system of doing business) to a franchisee; the franchisee agrees, as part of the bargain, to operate their business according to the terms of the license.

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