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Definition
| When a person or business gives another person or business the right to sell the same goods or services subject to certain criteria and regulations. |
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| When a bussiness buys goods or services from another business to carry out a function instead of it doing it itself. |
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| Method where a business can pay for the use of an asset rather than buying it outright for itself. |
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Definition
| Individual who sells the rights of the trademark or business model in return for franchise royalty fee (seller) |
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Definition
| Individual who purchases the rights to use the trademark or business model (buyer). |
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| A payment made to the franchisor by the franchisee based on the turnover of the business. |
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| The person or business to whom a function is being outsoured. |
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Definition
| Person or bussiness who owns the asset. |
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Definition
| Business using (leasing) the asset. |
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Definition
| How efficient the cmpany is at generating earnings> |
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Definition
| Initial amount of capital needed to get the business started. |
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