IPA: /ˈfræn.tʃaɪz/
KK: /ˈfrænˌtʃaɪz/
A type of business that allows individuals or groups to operate under a brand name and sell its products or services, often with specific rules and support from the original company.
She decided to open a coffee shop as a franchise of a popular brand.
To give someone the right to operate a business or sell products under a specific brand or name.
The company decided to franchise its brand to expand its market reach.
Past: franchised
Past Participle: franchised
Franchise → It originates from Old French 'franchise' (meaning freedom or privilege), derived from 'franc' (meaning free). The word refers to the privilege or right granted to an individual or group to operate a business under a larger company's brand.
Think of 'franchise' as a special 'privilege' ('franchise' in Old French) that allows someone to operate a business freely under a well-known brand.