Business GCSE
Franchise
What Franchise means in Business GCSE, as defined for Pearson Edexcel.
Definition of Franchise
Check what you remember
Read the wording for your board, then hide it and explain Franchise in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: Pearson Edexcel
An agreement where a franchisee pays for the right to use a franchisor's brand name and business model.
Topics that use Franchise
- The options for start-up and small businesses (Pearson Edexcel GCSE)
Related terms
- Limited liability
- Partnership
- Private limited company (Ltd)
- Royalties
- Unlimited liability
- Franchisee
- Franchisor
Using Franchise in the exam
Check the command word and mark scheme for your exact question. After comparing your explanation with the reference, use the term in an answer on the linked topic. This practice does not predict an exam mark.
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