If a company gives rights or license of marketing or distributing their products or services to group or individuals, then this type of business owning is termed as franchising.
The concept of owning a franchise and adopting a company’s successful business model for one’s own success is very popular these days. The introduction and popularity of fast food industry facilitated the opportunities in this dimension, however this is not only restricted to fast food rather big business like apparel, cosmetics, technology, services, etc are also popular.
There are many Franchise Opportunities promoted via different firms for the interested people who want to run them. This business facilitates the growth since the name of the business and the company, who’s giving out the rights, is already known among the masses hence they have already been developed as brands.
