CHILD DEVELOPMENT PEDAGOGY

Detailed explanation-1: -"Franchise” means a contractual arrangement characterized by the authorization granted to someone to sell or distribute a company’s goods or services in a certain area. “Franchisee” means a business or group of businesses established or operated under a franchise agreement.

Detailed explanation-2: -A franchise (or franchising) is a method of distributing products or services involving a franchisor, who establishes the brand’s trademark or trade name and a business system, and a franchisee, who pays a royalty and often an initial fee for the right to do business under the franchisor’s name and system.

Detailed explanation-3: -A franchise is a business whereby the owner licenses its operations-along with its products, branding, and knowledge-in exchange for a franchise fee.

Detailed explanation-4: -There are 4 basic types of franchise agreements: Single-unit, multi-unit, area development and master franchising. A single-unit franchise is the most common and is simply where a franchisor grants a franchisee rights to open and operate one single franchise unit.