Left Definition 1 of 5Right
LampPro Tip 1/2
Exclusive TerritoryPlay
A franchise often provides exclusive rights to operate in a specific area, preventing others from selling the same brand there. SlideHer coffee shop franchise gives her exclusive rights in the downtown area.
LampPro Tip 2/2
Initial InvestmentPlay
Buying a franchise usually requires an initial fee plus ongoing royalties to the franchisor. SlideHe paid a large initial fee for his restaurant franchise.