Dictionary

Related Definitions

Franchisee

  • Updated on

In business expansion, a franchisee is an independent party that is granted a license to a business under the primary owner’s name (franchisor). Franchisee also has the right to use the trademarks, names, model of the franchisee. The Quick Service Restaurant industry is one of the main examples of this format, which includes businesses like Domino’s, McDonald’s etc.

Term of the day

Absolute Advantage

What is an Absolute Advantage? Absolute advantage is one of the key macroeconomic terms, which is based on the principles of Capitalism and is often utilised i......
[ Read More ]
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK