Hi
I will assume you have worked with JQuery before. If you have not please Google it. what you can do is use the ID/Name of your label to display the value from the drop down.
You can get a value from the dropdown as follows:
$("#ddlFranchise").val()
You can then set this selected value to any of your labels as follows:
$("#label1").text($("#ddlFranchise").val())
I hope this helps your.
Regards