Meaning of the word franchising in English
What does franchising mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
franchising
US /ˈfræn.tʃaɪ.zɪŋ/
UK /ˈfræn.tʃaɪ.zɪŋ/
Noun
1.
the practice of granting a license to a third party for the right to operate a business or distribute products/services under the franchisor's brand and system
Example:
•
Many fast-food chains grow through franchising.
•
The company is exploring new opportunities for franchising its brand.
Synonym:
Verb
1.
the act of granting a franchise to someone
Example:
•
The company is actively franchising its successful business model.
•
They are considering franchising their coffee shop concept.
Learn This Word at Lingoland
Related Word: