Final answer:
Franchising is a growth strategy where individuals operate outlets using a company's brand and resources, reducing risks and enabling faster expansion.
Explanation:
Franchising is a method where a company allows individuals to operate their own outlets using the company's name and resources in exchange for fees.
Franchising provides benefits such as brand recognition, proven business models, and ongoing support from the franchisor.
This strategy allows for faster expansion and reduced risks compared to starting a new business from scratch.
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