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Franchising is the right to use a corporation's business model and trademark . Franchises are popular. For examples, McDonald's, one of the largest fast food restaurants in the world, is a franchise . This business has annual revenues and profits in the billions . According to Nasdaq'w forecast earnings growth, this well known franchise, McDonald's, is expected to grow over the next five years . Other large and well known franchises are 7-eleven, Hampton's Inn & Suites, and Dunkin Donuts .