Definition and meaning of English word "franchise"
franchise
/ˈfræntʃaɪz/
Meaning
NounA license granted by a company to an individual or group to market its goods or services in a particular territory, using the company's name and business methods.
How to use
The term 'franchise' can refer to both a business opportunity and a right to vote. In the context of business, a franchise is a license to operate a business using a company's trademark or trade name. A common mistake is to confuse 'franchise' with 'license'.
🇬🇧 English
franchise
Example
Opening a successful restaurant franchise requires substantial initial capital and adherence to brand standards.
Your personal vocabulary
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Common phrases
- franchise business— franchise business
- franchise agreement— franchise agreement
- franchise owner— franchise owner
More Business & Finance words
This concept in other languages
Frequency rank: #1273 in English
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Frequently Asked Questions
What does the English word "franchise" mean?▼
The English word "franchise" means "franchise" in English.
How do you pronounce the English word "franchise"?▼
You can hear the correct audio pronunciation of the word "franchise" by clicking the play button next to the word at the top of this page.
Can I see an example sentence with "franchise"?▼
Yes, here is a practical example: "Opening a successful restaurant franchise requires substantial initial capital and adherence to brand standards." (which translates as "franchise").
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