Business Frachise
A Business Franchise is a semi- independent business that pays fees a parent company in return for the exclusive right to sell a certain product or service in a given area.
Background Information
Parent companies to Business Frachises are called franchisers. The franchiser develops the products and business systems, then they work with the local franchise owners to help them produce and sell their products. When you think franchise the first image that leaps to mind is fast-food retaurants. However, franchises offer a wide array of goods and services, from diamonds to day-care services. Competing retsuarant franchises often cluster together along highways or busy roads and shopping centers. Franchising has become popular in recent years. This is because small franchise businesses allow owners a degree of control. At the same time, the owners benefit from the support of the parent company.