| word | franchise |
|---|---|
| definition | noun A franchise is an authority that is given by an organization to someone, allowing them to sell its goods or services or to take part in an activity which the organization controls. ...fast-food franchises. ...the franchise to build and operate the tunnel. Talk to other franchise holders and ask them what they think of the parent company. Franchise is the right to vote in an election, especially one in which people elect a parliament . ...the introduction of universal franchise. The 1867 Reform Act extended the franchise to much of the male working class. verb If a company franchises its business, it sells franchises to other companies, allowing them to sell its goods or services. She has recently franchised her business. It takes hundreds of thousands of dollars to get into the franchised pizza business. An important aspect of franchising is the reduced risk of business failure it offers to franchisees. |
| inflections | franchisesfranchisingfranchisedfranchising |
| cefr-level | C1 |
Tags: oxford5k::cefr-level:c1
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