What is the difference between a franchise and a chain?

Question

Restaurants I mean.

Answer 1

Franchise generally means a right or privilege. A business method that involves the licensing of trademarks and methods of doing business, such as:

Chain store, retail outlets which share a brand and central management.

Chain? I think you are talking about Fast Food Chain.

Fast food is the term given to many items that can be prepared and served very quickly. While any meal with low preparation time can be considered to be fast food.

http://en.wikipedia.org/wiki/Fast_food

Answer 2

chains have the same owner. franchise's have different owners that only buy/pay to use the name.

Answer 3

Victor is kinda right

here is a book i stumbled into , its actually pretty good and its free

http://www.franchiseinc.com/ebook/page1/...