franchise

nouns

an authorization to sell a company's goods or services in a particular place
is a type of (narrower)
a contract granting the right to operate a subsidiary business
"he got the beer concession at the ball park"
a business established or operated under an authorization to sell or distribute a company's goods or services in a particular area
a statutory right or privilege granted to a person or group by a government (especially the rights of citizenship and the right to vote)

verbs

grant a franchise to
domain category
transactions (sales and purchases) having the objective of supplying commodities (goods and services)
is a type of (narrower)
authorize officially
"I am licensed to practice law in this state"