A franchise typically enables the investor or franchisee to operate a business. By paying a franchise fee, which may cost several thousand dollars, you are given a format or system developed by the company franchisor, the right to use the franchisor's name for a limited time, and assistance.y purchasing a franchise, you often can sell goods and services that have instant name recognition and can obtain training and ongoing support to help you succeed. But be cautious. Like any investment, purchasing a franchise is not a guarantee of success.
Subcontractor. One who takes a portion of a contract from the principal contractor or from another subcontractor. When an individual or a company is involved in a large-scale project, a contractor is often hired to see that the work is done. The contractor, however, rarely does all the work.
An inverse operation. Subtraction is the inverse of addition. Either of a pair of elements in a set whose result under the mathematical operation of the set is the identity element. For example, the inverse of 5 under multiplication is 1/5 , since 5 Ã 1/5 = 1, the identity element under multiplication. The inverse of 5 under addition is -5, since 5 + -5 = 0.