Q what do you mean by franchisefranchise

Accounting

Q. What do you mean by Franchise?

Franchise - Legal arrangement whereby owner of a franchisor, trade name, contracts with a party who wants to use the name on a non-exclusive basis to sell services or goods, franchisee. Often franchise agreement grants strict supervisory powers to the franchisor over franchisee which, yet, is an independent business.

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M9578035

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