franchising
Intermediate (B1)
IPA: /ˈfrænˌtʃaɪzɪŋ/
KK: /ˈfrænˌtʃaɪzɪŋ/
noun
Definition
The process of allowing someone to operate a business using the brand and business model of another company.
Example
Franchising has become a popular way for entrepreneurs to start their own businesses with established brands.
Conversation
Have you ever thought about franchising your own business?
Actually, I have! It seems like a great way to expand.
Right? I heard it can be less risky than starting from scratch with a new idea.
Exactly, and you get to use a proven business model with franchising.
Synonyms & Antonyms
Synonyms
licensing
distribution
affiliation
Antonyms
independence
separation
disassociation
verb
Definition
To grant the rights to sell a company's products or services in a specific area, usually under the company's brand name.
Example
The company is franchising its popular restaurant chain to expand its reach.
Tense Forms
Past: franchised
Past Participle: franchised
Conversation
Have you ever thought about franchising your business idea?
I have! It could really expand my reach.
Exactly! Plus, it’s a great way to get support from others while franchising.
Root Explanation
Franchising → It is formed from 'franchise' (from Old French *franchise*, meaning freedom or privilege) and the suffix '-ing' (indicating the action or process of). The word 'franchising' refers to the process of granting the right to operate a business under a particular brand or system, thus providing a form of business freedom or privilege.
Memory Tip
Think of 'franchise' as a special 'privilege' to operate a business, and '-ing' shows that it's the action of doing that. This helps you remember that franchising is the process of granting that business privilege.
Visually Confused Words
frenching
branching