franchise A retail outlet authorized to sell a certain product or service by a parent company that does not own the outlet but does determine policies. Related Related Articles: How Reese's Pieces Are Like Ray-BansHow Fast Food Got FasterThe Reason That Certain Quarterbacks Earn MoreThe Surprising Impact of the Shot Clock On BasketballWhy Should Tesla Stay in New Jersey? Ann Mills Share This Previous Articleeconomic growth Next Articlehorizontal integration December 17, 2020