franchise

US /ˈfrænˌtʃaɪz/

Definition

an authorization to sell a company's goods or services in a particular place

Tested in TOEIC business and workplace contexts.

He bought a franchise of a popular coffee shop chain.

dealershipa business established or operated under an authorization to sell or distribute a company's goods or services in a particular area
licensea legal document giving official permission to do something

Easy fast food franchise store
to fast food franchise store, meaning to abstain from certain foods, as for religious or medical reasons
Medium franchise agreement terms
to franchise agreement terms, meaning to grant a franchise to
Hard expand regional franchise network
to enlarge or grow in scope or area regarding regional franchise network
Very Hard revoke franchise license for breach
to revoke franchise license for breach, meaning to fail to follow suit when able and required to do so

Learner's English edition · Curated definitions for TOEIC learners.