Franchise is the franchise owner in the form of the contract, which allows franchisees to be compensation for the use of its name, trademarks, proprietary technology, product management and operations experience engaged in business activities such as business model.
Franchising is the practice of using another firm's successful Business modle. The word 'franchise' is of anglo-french derivation - from franc- meaning free, and is used both as a noun and as a (transitive) verb.
In this unstable economy, nothing is a sure bet. But if you want to play the odds, buying into a franchise, such as Ace Hardware or Meinike , might be a good way to go.
