Franchising basics
what is selling the right to use a brand's business model to other businesses?
franchising
the name a company chooses for its product or service
brand name
This franchise is known for its fried chicken
KFC
What is the term for a person who buys the right to open and operate a franchise?
franchiser
to obtain money for an investment
raise capital
This fast-food chain is the largest franchise in the world, with over 40,000 locations.
McDonald's
A company that sells the right to use its business model to other businesses.
franchiser
to spend money and expect a return
make investments
What coffee company has successfully franchised in multiple countries?
Starbucks
What is a major advantage for a franchisee compared to starting an independent business?
What is a major advantage for a franchisee compared to starting an independent business?
a payment for the use of a company's name and methods
franchise fee
What pizza franchise is famous for its "30 minutes or less" delivery promise?
Domino's Pizza
What is the name for the physical business location of a franchise?
Outlet
to follow the official process of creating a new business
register a company
This franchise, known for its golden crown logo, is one of the largest burger chains in the world
Burger King