Franchising involves owning a business using the franchisor's brand and methods, offering various advantages such as brand recognition, support from the franchisor, and profit retention.
Franchising is a business model where a person or company purchases the right to operate a business using the brand and methods of the franchisor. The primary advantages of owning a franchise include the franchisor providing brand-name recognition and marketing plans, offering training, management assistance, supplies, and a product, and allowing franchisees to keep profits while benefiting from the established brand.
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