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What do you understand by the term franchise

    • Posted by Parnav Sharma 7 years, 2 months ago

    CBSE > Class 09 > Social Science
    • 2 answers

    Vikaa Kanojia 7 years, 2 months ago

    S

    0Thank You

    Yogita Ingle 7 years, 2 months ago

    A franchise is the license to make or sell a product under certain conditions granted by the owner of these rights. In other words, a franchise is the right to produce a licensed product by the owner of the license. In this contact, the franchisee pays the franchiser for the right to use the licensed material.

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