Definition of franchise noun from the Oxford Advanced Learner's Dictionary



    BrE BrE//ˈfræntʃaɪz//
    ; NAmE NAmE//ˈfræntʃaɪz//
    Running a business
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  1. 1[countable, uncountable] formal permission given by a company to somebody who wants to sell its goods or services in a particular area; formal permission given by a government to somebody who wants to operate a public service as a business a franchise agreement/company a catering/rail franchise In the reorganization, Southern Television lost their franchise. to operate a business under franchise CollocationsBusinessRunning a business buy/​acquire/​own/​sell a company/​firm/​franchise set up/​establish/​start/​start up/​launch a business/​company run/​operate a business/​company/​franchise head/​run a firm/​department/​team make/​secure/​win/​block a deal expand/​grow/​build the business boost/​increase investment/​spending/​sales/​turnover/​earnings/​exports/​trade increase/​expand production/​output/​sales boost/​maximize production/​productivity/​efficiency/​income/​revenue/​profit/​profitability achieve/​maintain/​sustain growth/​profitability cut/​reduce/​bring down/​lower/​slash costs/​prices announce/​impose/​make cuts/​cutbacksSales and marketing break into/​enter/​capture/​dominate the market gain/​grab/​take/​win/​boost/​lose market share find/​build/​create a market for something start/​launch an advertising/​a marketing campaign develop/​launch/​promote a product/​website create/​generate demand for your product attract/​get/​retain/​help customers/​clients drive/​generate/​boost/​increase demand/​sales beat/​keep ahead of/​out-think/​outperform the competition meet/​reach/​exceed/​miss sales targetsFinance draw up/​set/​present/​agree/​approve a budget keep to/​balance/​cut/​reduce/​slash the budget be/​come in below/​under/​over/​within budget generate income/​revenue/​profit/​funds/​business fund/​finance a campaign/​a venture/​an expansion/​spending/​a deficit provide/​raise/​allocate capital/​funds attract/​encourage investment/​investors recover/​recoup costs/​losses/​an investment get/​obtain/​offer somebody/​grant somebody credit/​a loan apply for/​raise/​secure/​arrange/​provide financeFailure lose business/​trade/​customers/​sales/​revenue accumulate/​accrue/​incur/​run up debts suffer/​sustain enormous/​heavy/​serious losses face cuts/​a deficit/​redundancy/​bankruptcy file for/ (North American English) enter/​avoid/​escape bankruptcy (British English) go into administration/​liquidation liquidate/​wind up a company survive/​weather a recession/​downturn propose/​seek/​block/​oppose a merger launch/​make/​accept/​defeat a takeover bid See related entries: Running a business
  2. 2[countable] a business or service run under franchise They operate franchises in London and Paris. a burger franchise Wordfinderagent, business, company, competitor, customer, director, employ, franchise, manager, shareholder See related entries: Running a business
  3. 3[uncountable] (formal) the right to vote in a country’s elections universal adult franchise The 1918 Reform Act extended the franchise to women over 30.
  4. see also enfranchise
    Word OriginMiddle English (denoting a grant of legal immunity): from Old French, based on franc, franche ‘free’, from medieval Latin francus ‘free’. Sense (3) dates from the late 18th cent. and senses (1 and 2) from the 20th cent.Extra examples Catering in the schools is run on a franchise basis. He had to exercise the franchise on behalf of other council members. He runs a local pizza franchise. It was decided that all men in the armed forces should qualify for the franchise. TV franchises will be auctioned to the highest bidder. The ITV licensee lost its franchise to Carlton TV. The company has just won a television franchise. The diving school has acquired a franchise for scuba equipment. The franchise was awarded to a French company. The franchise was later extended to all adults over eighteen. the company that holds the franchise for the south-east of the country the fight for a universal franchise He’s got a job as manager of a burger franchise. The company operates the South Eastern commuter rail franchise. They operate the business under franchise. a catering franchise in the fast-food industry
See the Oxford Advanced American Dictionary entry: franchise

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