Stanford Graduate Faculty Of Business

An organization is a type of business The definition of the time period varies by country. Franchising is a form of business during which a person or small business, often known as a “franchisee,” is given the fitting to use the id, and promote the services or products of, another firm generally known as the “franchisor.” The probabilities of success for the franchisee are excessive because the business is already established and profitable, but a small portion of the profits should go to the franchising company.
2. (Commerce) an industrial, business, or skilled operation; purchase and sale of products and services: the tailoring business. Service businesses supply intangible items or companies and usually charge for labor or other companies supplied to government , to consumers , or to other businesses.
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