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Franchise
Exclusive Territory![Play](https://cdn-wordup.com/WebsiteImages/DictionaryPics/BlackPlay.svg)
A franchise often provides exclusive rights to operate in a specific area, preventing others from selling the same brand there. ![Slide](https://word-images.cdn-wordup.com/tips/kwvsj4qGDyEcNWLBROzlkESAFg.webp)
Initial Investment![Play](https://cdn-wordup.com/WebsiteImages/DictionaryPics/BlackPlay.svg)
Buying a franchise usually requires an initial fee plus ongoing royalties to the franchisor. ![Slide](https://word-images.cdn-wordup.com/tips/zJ7IAPvKoeq0FCY2cbeYYwJ09k.webp)