Examlex
What is the Local Group?
Franchise
A business model that allows individuals or entities to operate a business using the branding and operational model of an established company.
Sole Proprietorship
A type of business entity owned and operated by one individual, with no legal distinction between the owner and the business.
Organizational Flexibility
The ability of a company or organization to adapt quickly to changes in its environment, including market trends, technologies, and internal dynamics.
Limited Liability
A legal structure where an individual's financial risk is limited to a fixed amount, typically the value of their investment in a company.
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