what is the difference between franchise and chain store?

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Solution

FRANCHISE CHAIN STORE

A franchise is a business operated under license from another business. Many of the fast food business such as McDonalds, Burger king etc. A chain store is a type of business where one owner will open multiple locations of the same store.

Corporate office relinquishes much of its controls by selling “franchise license” at a set price. All employees work for the corporate office, prices and stock are set by corporate, employment, and HR policies are set by corporate.

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FRANCHISE	CHAIN STORE
A franchise is a business operated under license from another business. Many of the fast food business such as McDonalds, Burger king etc.	A chain store is a type of business where one owner will open multiple locations of the same store.
Corporate office relinquishes much of its controls by selling “franchise license” at a set price.	All employees work for the corporate office, prices and stock are set by corporate, employment, and HR policies are set by corporate.