Franchiser
(noun)
A person or company that grants the right to sell or distribute its goods or services to others in a specific geographic area.
Origin:
From the word 'franchise', which comes from the french word 'franc' meaning free and 'chiser' meaning to grant.
Examples:
- The franchiser provided training and support to the franchisees to help them succeed.
- The franchiser was one of the largest fast food chains in the world.
- The franchiser's success was built on a strong brand, consistent quality, and dedicated franchisees.
- The franchiser was selective in choosing franchisees, only granting franchises to those with the right skills and experience.
- The franchiser's business model was based on a combination of fees, royalties, and shared advertising costs.