Final answer:
A franchise is when individuals buy a license from KFC to operate their own stores. They pay a franchise fee and royalty fees to KFC in return for the right to use the KFC brand, receive training, and get support in setting up their operations.
Step-by-step explanation:
A franchise is when individuals buy a license from KFC to operate their own stores. They pay a franchise fee and royalty fees to KFC in return for the right to use the KFC brand, receive training, and get support in setting up their operations.