4. explain the relationship between franchisee and owners of the chain restaurants.

Brief Explanations:

The franchisee is an individual or entity that is granted the right by the chain - restaurant owner (franchisor) to operate a business using the franchisor's brand, business model, and intellectual property. The franchisor provides support like training, marketing, and operational guidelines. The franchisee pays fees (initial franchise fee and ongoing royalties) and adheres to the franchisor's standards in exchange for the right to operate under the well - known brand.

Answer:

The franchisor (owner of chain restaurants) grants the franchisee the right to operate a business using its brand and business model. The franchisee pays fees and follows the franchisor's standards, while the franchisor provides support and guidelines.