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12345cw Junior Cert Business Studies — 22/05/16 1

Can someone please explain franchise to me please? Thanks

alfie_flynnzer — 22/05/16
A form of business organization in which a firm which already has a successful product or service (the franchisor) enters into a continuing contractual relationship with other businesses (franchisees) operating under the franchisor's trade name and usually with the franchisor's guidance, in exchange for a fee.
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