Concept information
Preferred term
franchises
Definition
- Franchise businesses are increasingly common within the retail and service industries throughout the United States. Franchising is a business relationship in which a large parent company (the franchisor) grants exclusive rights or licenses to individuals (the franchisees) to sell the parent firm's products or services. [Source: Sociology of Work: An Encyclopedia; Franchises]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/franchises
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