Frenchises Flashcards
1
Q
Frenchise
A
Selling the rights to use a business idea, brand name and business methods.
2
Q
Franchiser
A
The person that sells the rights to the franchisee to use the brand name and business methods.
3
Q
Franchisee
A
The person that buys the rights to the franchise to use the brand name and business methods.
4
Q
Royalities
A
Money that you need to pay for franchiser every month of profit.
