What is a franchise?

Answer by  retiredandhappy (64)

When a business wishes to expand but does not have the resources needed, it can create a franchise opportunity. This means it will sell the rights to its product or service to a third party who will operate a new business as an independent owner, with the original company's support.

Answer by  pondsarun (41)

It means right or privilege granted by a company to market its product. The licence extended for one territory. This company sells its goods to that territory.