The Term Franchise Refers to Both the Agreement Between the Parties

question 78

True/False

The term franchise refers to both the agreement between the parties and the franchise outlet.

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Definitions:

Improvements

Refers to the process of making something better or more effective through changes, upgrades, or enhancements.

Behaviourally Anchored Rating Scales

A performance appraisal method that uses specific examples of behavior to evaluate employees rather than abstract criteria.

Subjective Performance Measures

Assessment criteria based on personal judgments or opinions rather than on quantifiable data or objective indicators.

Management-By-Objectives

A management model that involves setting clear, specific objectives that are agreed upon by both management and employees, focusing on measurable results and feedback in performance assessment.