What it meant by frichising?

Answer 1

Franchising is a business model where a franchisor grants a franchisee the rights to operate a business using its brand, products, and operational systems in exchange for fees and royalties. This arrangement allows franchisees to leverage an established brand's reputation and support while maintaining some level of independence. It enables rapid business expansion for the franchisor with reduced financial risk, as franchisees invest their own capital. Overall, franchising creates a mutually beneficial relationship between the two parties.