Ch3 Franchise - AO1 Flashcards
1
Q
Franchise
A
A structure in which a business allows another operator to trade under their name
2
Q
Franchisor
A
Owner of the franchise
3
Q
Franchisee
A
Operator which buys a franchise
4
Q
Royalty
A
A percentage of sales paid to the franchiser by the franchisee
