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2012-08-27 23:01:30

Franchising began in Australia in the 1970s with the introduction of franchised fast-food outlets from the United States. Since then, the Franchising industry has evolved and gained prominence across the business world. Revenue growth across the industry has also been influenced by trends in real household disposable income and consumer sentiment. Franchised operators have faced strong competition from other industries that offer the same range of products and services. For these reasons,...

Word of the Day
  • A 'bachelor seal'; a young male seal which is prevented from mating by its herd's older males (mated bulls defending their territory).
This comes from the Russian word for 'bachelors.'