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Franchisee
An individual or company that is granted the right by a franchisor to operate a business under the franchisor's trademark and business model.
License
A legal permission granted by an authority to conduct business, use intellectual property, or undertake certain activities.
Market
A venue or system where buyers and sellers interact to trade goods, services, or financial instruments.
Cost Driver
A factor that causes the cost of an activity or process to change, used in activity-based costing to allocate costs more accurately.
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