The conversation between human and AI assistant.
What is franchising?
Can you explain to me what franchising is?
Sure, franchising is a business model where a company allows individuals or other businesses to operate under its name, selling its products or services and following its business model and procedures, in exchange for fees or royalties. It's a way for businesses to expand their reach and increase their revenue without investing in additional brick-and-mortar locations or hiring more employees.