What is the difference between franchise and multinational?

Answer 1

Oh, dude, it's like this - a franchise is when a company grants individuals the right to operate a business using its name and business model, while a multinational is a company that operates in multiple countries. So, like, a franchise can be a small part of a multinational company's big global empire. It's all about who's the boss and who's just borrowing the name, you know?

Answer 2

A franchise is a business arrangement in which one party (the franchisor) grants another party (the franchisee) the right to use its trademark or trade name, as well as certain business systems and processes, in exchange for fees or royalties. A multinational corporation, on the other hand, is a company that operates in multiple countries and has a centralized management structure. While a franchise can be a part of a multinational corporation, the key difference lies in the ownership and control of the business operations.

Answer 3

Ah, a happy little question! A franchise is like a beautiful tree with many branches, where individual owners operate under a parent company's brand and business model. On the other hand, a multinational is like a diverse garden with flowers from all over the world, where a company operates in multiple countries, each with its own unique characteristics and regulations. Both are special in their own way, bringing joy and opportunity to those involved.

Answer 4

A franchise is a business model where individuals (franchisees) buy the rights to operate a business using an established brand’s name, products, and systems. Each franchise location is typically independently owned but follows the franchisor’s guidelines. A multinational company (MNC) on the other hand, is a corporation that operates in multiple countries, managing its own branches or subsidiaries rather than selling business rights to individuals. While franchises can be multinational (e.g., McDonald's), not all MNCs use Franchising. Some MNCs fully own and control their international branches.

Answer 5

A franchise is a business arrangement in which a person or organization (franchisee) uses the name, goods, and policies of a bigger business (franchisor). A multinational is a business that operates in several nations and manages its subsidiaries in-house as opposed to franchising, which involves granting independent operators a brand license.

Answer 6

difference between frenchise and multinationcompany