What is the difference between Franchising and Licensing? - ProProfs Discuss
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What is the difference between Franchising and Licensing?

Asked by Howard Reyes, Last updated: Jan 23, 2020

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3 Answers

E. Austin

E. Austin

Answered Aug 30, 2019

Franchising is a technique to enhance your business once it has been proven and has its value in the market. When you agree to give your franchise to others, that means you are safeguarding that they have the essential skills to operate branches of your business. An example of franchising business is McDonald's, which has grown its business through franchising. ...Read More
 

Chris Kenway

Chris Kenway, Content Writer, Jacksonville

Answered Aug 13, 2019

There are some brands that are able to grow because of franchising. This usually happens when a brand is popular and other people would like to offer the brand to a completely different place through a franchise. The products and services of the company will become available through the use of a dealer. Big companies allow their products and services to become available through franchising. ...Read More
 

C. Lopez

Driving down to Knowledge town

C. Lopez, Chauffer, Chauffer, Watertown

Answered May 24, 2019

Many brands are able to grow through acts of licensing and franchising. Franchising occurs when the business owner distributes their product or service through dealers. These dealers are most commonly referred to as franchisees. Examples of franchising organizations include Subway, 7-11, and McDonalds. The franchisee will put up the capital of the business and help promote it. ...Read More
 

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