Franchising involves purchasing the rights to operate a business model created by a franchisor, with support provided by the parent corporation.
A franchise is a business opportunity where an individual buys the right to operate a business using the model provided by the franchisor.
The support offered by the parent corporation includes training, supply chain assistance, and operational setup guidance.
Key considerations for franchise businesses include start-up costs, required hours of dedication, and the variety of franchise options available.
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