The Initial Fees for Selling a Franchise Is a More

question 83

True/False

The initial fees for selling a franchise is a more important revenue source than the continuing revenue stream to a franchisor from royalties and selling of inputs to a franchisee.

Realize the importance and methods of conducting formal risk assessments in projects.

Identify the role of insurance in risk management.

Understand the proactive vs. reactive approaches in project risk management.

Recognize the importance of contingency planning in project budgets.

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Definitions:

Incremental Models

Theoretical models in which change is considered steady and specific to particular behaviors or mental activities, rather than being marked by major, sweeping reorganizations that affect many behaviors at once, as in stage theories.

External Environment

Refers to all external factors—including social, economic, natural, and political—that affect an individual's or organization's actions and decisions.

Erikson's Developmental Theory

A theory by Erik Erikson that outlines eight stages of psychosocial development from infancy to adulthood.