Franchise (en. Franchising)

fran-chize

Meaning & Definition

EnglishTagalog

noun

A right or privilege granted to an individual or group to operate a business under a recognized name.

The franchise of the popular fast food chain was transferred to a new owner.

Ang franchise ng sikat na fast food chain ay ipinasa sa bagong may-ari.

A sales system where an individual is authorized to use a company's trademark or tradename.

Many businesses use franchises to accelerate their growth.

Maraming mga negosyo ang gumagamit ng franchise upang mapabilis ang kanilang paglago.

A form of business aimed at expanding market share by allowing others to open branches.

Obtaining a franchise can be a good opportunity for entrepreneurs.

Ang pagkuha ng franchise ay maaaring maging isang magandang oportunidad para sa mga negosyante.

from French 'franchise' meaning 'freedom' or 'privilege'

franchise agreement

An agreement between the franchisee and franchisor for the operation of the franchise.

franchise agreement

franchise fee

Payment made by the franchisee to the franchisor for the right to operate.

franchise fee

franchisor

The entity that grants the franchise and owns the brand or tradename.

franchisor

franchisee

The individual who receives the franchise and has the right to operate the business.

franchisee

A store that can be copied or established by others.

Bro, I franchised a Jollibee, I'm excited to open!

Bro, nag-franchise ako ng Jollibee, excited na akong magbukas!

A business or brand that has many branches.

That milk tea franchise is really popular here in the neighborhood.

Yung franchise ng milk tea na yan, sikat na sikat dito sa barangay.

Partnership in business where the franchisor gives access to the brand.

I want to franchise but I need to know the requirements first.

Gusto kong mag-franchise pero kailangan ko munang malaman ang requirements.