Examlex
Explain emerging retail technologies and how these technologies add value for customers?
Chain-style Business
A business model where multiple outlets of the same company offer the same product or service, typically under the same brand.
Franchisor
A business entity that grants the right to an individual or group to carry out commercial activities using its trademark and business model in exchange for a fee or royalty.
Franchisee
The seller of goods or services under a trade name or trademark in a franchise.
Trade Name
The name by which a business is known to the public, differing from its legal name, under which it carries out its business activities.
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