ENTREPRENEURSHIP

Detailed explanation-1: -Franchise Europe is a directory of franchise opportunities for sale from across Europe.

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: -As of 2021, veterans own 66, 000 franchises and generate $41 billion in GDP. The U.S. franchise sector is comprised of more than 780, 000 businesses. Franchises account for about 3% of national GDP. The top franchises in 2021 include businesses in fast-serve restaurants, home services, real estate businesses, and travel.

Detailed explanation-4: -Similar to a licensing agreement, under a franchising agreement, the multinational firm grants rights on its intangible property, like technology or a brand name, to a foreign company for a specified period of time and receives a royalty in return.