Franchise

Franchise |ˈfranˌ ch īz|

noun

1 an authorization granted by a government or company to an individual or group enabling them to carry out specified commercial activities, e.g., providing a broadcasting service or acting as an agent for a company's products.

• a business or service given such authorization to operate.

• an authorization given by a league to own a sports team.

• informal a professional sports team.

• (also franchise player) informal a star player in a team.

2 (usu. the franchise) the right to vote.

• the rights of citizenship.

verb [ trans. ]

grant a franchise to (an individual or group).

• grant a franchise for the sale of (goods) or the operation of (a service) : all the catering was franchised out.

DERIVATIVES

franchisee |ˌfranˌ ch īˈzē| noun

franchiser (also franchisor |ˌfran ch əˈzôr|) noun

ORIGIN Middle English (denoting a grant of legal immunity): from Old French, based on franc, franche ‘free’ (see frank ¹ ). Sense 2 dates from the late 18th cent. and sense 1 from the 20th cent.


information found from Dictionary of Mac Widget

Blogging for Assignment Purpose

This page is created by a Entrepreneurship student from Tunku Abdul Rahman College.
I started with selected and research on a franchise of my interest. 
By using the franchise evaluation checklist (Scarborough (2011) pp.205-206) as a guide,
I have contacted the franchisor and write a report on the terms and conditions of the franchise contract. 
I have also interview an existing local franchisee of the franchise and report on the performance and challenges faced by the franchisee.


This franchise page is ONLY for assignment purpose. 
All the data and information are original from Franchisor.
Daily Fresh : http://dailyfreshfoods.com/