FRANCHISEE
\fɹˈant͡ʃɪsˌiː], \fɹˈantʃɪsˌiː], \f_ɹ_ˈa_n_tʃ_ɪ_s_ˌiː]\
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Purchaser of a franchise. Boss at the location of the purchased business. Responsible for certain decisions, and obligated to follow stated decisions already made by the franchisor. The franchisee typically must keep the same look, name, and products. From the sales transacted at that location, the franchisee pays the franchisor based on the franchising contract. It is often a percentage of the revenues or profits over a flat fee.
By Henry Campbell Black
Word of the day
Proto Oncogene Proteins c erbB 2
- cell surface protein-tyrosine kinase that is found to be overexpressed in significant number adenocarcinomas. It has extensive homology can heterodimerize EGF EPIDERMAL GROWTH FACTOR), 3 receptor (RECEPTOR, 3) and the 4 receptor. Activation of erbB-2 receptor occurs during heterodimer formation with a ligand-bound erbB family members. EC 2.7.11.-.