franchisement in a sentence
n.
📚 Grade Level: Grade 11, Grade 12
Definition
Franchisement is the granting of rights to an individual or group to operate a business under the trademark and business model of an established company.
Sample Sentences
- Franchisement allowed the local entrepreneurs to expand their businesses under a well-known brand.
- The franchisement of the popular coffee shop chain brought new life to the neighborhood.
- With the recent franchisement agreement, the company is poised for significant growth across several states.
- Many investors are drawn to franchisement as it offers established business models with lower risks.
- The franchisement process requires careful adherence to the brand's standards and operational guidelines.