How do you use franchise in a sentence?

How do you use franchise in a sentence?

Noun She was granted an exclusive franchise in the city’s west end. They just opened a new fast-food franchise down the street. The U.S. did not extend the franchise to women until the early 20th century. He’s the best player in the history of the franchise.

What is an example of a franchise business?

Franchises are an extremely common way of doing business. In fact, it is hard to drive more than a few blocks in most cities without seeing a franchise business. Examples of well-known franchise business models include McDonald’s (NYSE: MCD), Subway, United Parcel Service (NYSE: UPS), and H&R Block (NYSE: HRB).

What are business franchises?

A franchise is a business whereby the owner licenses its operations—along with its products, branding, and knowledge—in exchange for a franchise fee. The franchisor is the business that grants licenses to franchisees.

How do you use sole proprietorship in a sentence?

Sole-proprietor sentence example A sole proprietor may not be reimbursing himself, but he will be deducting business travel and expenses from his taxes. As for Social Security and Medicare tax, as a sole proprietor you are paying double the rate, compensating as an employer.

How do you use cooperative in a sentence?

Cooperative sentence example

1. It depends how cooperative everyone is.
2. The State grants generous support to local authorities and to cooperative societies.
3. For the purchase and distribution of the land a ” State Land Office” has been set up.
4. Rains had been cooperative , only coming in the night, and gentle at that.

What is franchise and example?

In business format franchises (which are the most common type), a company expands by supplying independent business owners with an established business, including its name and trademark. Fast food restaurants are good examples of this type of franchise. Prominent examples include McDonalds, Burger King, and Pizza Hut.

Why is McDonalds a franchise?

As a franchisor, McDonald’s primary business is to sell the right to operate its brand. It gets its money from royalties and rent, which are paid as a percentage of sales. It’s the franchisees that employ workers and sell burgers. The company operates fewer of its own restaurants.

Why do businesses franchise?

The primary reason most entrepreneurs turn to franchising is that it allows them to expand without the risk of debt or the cost of equity. First, since the franchisee provides all the capital required to open and operate a unit, it allows companies to grow using the resources of others.

How do franchise business work?

In the franchise business model, the franchisee uses the brand name of a franchisor, and in exchange for that franchisee sells the products and services of the franchisor. Also, a franchisee pays the fee and signs an agreement with the franchisor.

How do you use LLC in a sentence?

Llc sentence example. The countermeasures division comprises Chemring countermeasures division comprises Chemring Countermeasures in the UK, and Alloy Surfaces Company, Inc. and Kilgore Flares Company LLC in the US. Often, a separate corporate division exits within the Secretary of State that handles LLC filings.

What is a sentence for corporation?

1. Three companies were amalgamated into a corporation. 2. Directors of a corporation are trustees for the stockholders.

What is an example of a cooperative business?

Agriculture cooperatives such as Blue Diamond or Land O’Lakes are examples of producer cooperatives. Consumer co-ops: Consumer co-ops are owned by the customers who then purchase goods and services from the cooperative. Grocery co-ops are a well-known example of consumer cooperatives.