franchise

(redirected from franchisees)
Also found in: Dictionary, Thesaurus, Legal, Financial.
Related to franchisees: franchised

franchise,

in government, a right specifically conferred on a group or individual by a government, especially the privilege conferred by a municipality on a corporation of operating public utilities, such as electricity, telephone, and bus services. Franchises may not be revoked without the consent of the grantee unless so stipulated in the contract. They may, however, be forfeited by the grantee's violation of terms, and the government may take back granted rights by eminent domain proceedings with tender of just compensation. Franchise provisions usually include tenure; compensation to the grantor; the services, rates, and extensions; labor and strike regulations; capitalization; and reversion to the grantor.

The term franchise also refers to a type of business in which a group or individual receives a license from a corporation to conduct a commercial enterprise. Corporate franchises enable a franchisee to market a well-known product or service in return for an initial fee and a percentage of gross receipts. The franchiser usually provides assistance with merchandising and advertising. Major franchise networks, which have grown rapidly in the United States since the 1960s, include fast-food restaurants, gasoline stations, motels, automobile dealerships, and real-estate agencies, and the system has expanded into many other fields.

In politics, the franchise is the right conferred on an individual to vote. In the United States, the states, with some restrictions by the U.S. Constitution, govern the qualifications of voters. By the Fourteenth and Fifteenth amendments, states were forbidden to deny suffrage to male residents over 21 years of age "on account of race, color, or previous condition of servitude." The Nineteenth Amendment conferred suffrage upon women, and the Twenty-sixth Amendment lowered the voting age to 18. See votingvoting,
method of registering collective approval or disapproval of a person or a proposal. The term generally refers to the process by which citizens choose candidates for public office or decide political questions submitted to them.
..... Click the link for more information.
.

Bibliography

See C. Williamson, American Suffrage from Property to Democracy, 1760–1860 (1960, repr. 1968); C. L. Vaughn, Franchising (1974).

franchise

1. the right to vote, esp for representatives in a legislative body; suffrage
2. any exemption, privilege, or right granted to an individual or group by a public authority, such as the right to use public property for a business
3. Commerce authorization granted by a manufacturing enterprise to a distributor to market the manufacturer's products
4. the full rights of citizenship
5. Films a film that is or has the potential to be part of a series and lends itself to merchandising
References in periodicals archive ?
The majority of franchisees are hard-working businessmen.
The British Franchise Association has launched the bfa HSBC Franchisee of the Year Awards - with several new categories.
The research doesn't break the responses down by industry, but experience suggests that franchisees are likely to stay longer in some industries than others.
A reputable franchisor will be able to provide you with locations and contact numbers for franchisees in your area.
Despite the rhetoric of help from the corporations ("Work for yourself not by yourself" is the motto of one of the franchises), most franchisees are left to fend for themselves after a few days of initial training, often leading them, like Walter, to seek help from competitors.
Since their initial investment and life savings are trapped, in many instances franchisees keep operating at a personal financial loss when they could get a minimum wage job elsewhere and be better off, says Stewart.
So the franchisees are always able to call in or pass their messages along on the Internet, even to other Marble Renewal franchisees.
c) to provide a means by which franchisors and franchisees will be able to govern themselves and promote fair dealing among themselves.
The basic philosophy of McDonald' was that by charging less than market value for new franchises, (1) a long-term relationship with franchisees would be established (rather than focusing on short-term profits), (2) new franchises could maximize their prosperity by avoiding becoming saddled with debt and (3) the number of franchise applicants would remain high.
Distribution Franchisee is the latest form of public-private partnership in the distribution sector.
One of these many "surprises" that seem to occur more frequently than others is the realization that a franchise concept is operating with a number of poorly performing franchisees.