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___________A Formal Process in Which Top Executives Regularly Review All

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___________a formal process in which top executives regularly review all managers at or above a certain hierarchical level, looking at both performance and potential, and devise developmental plans for their most promising individuals.


Definitions:

Franchising

A method of doing business wherein a franchisor licenses trademarks and tried and proven methods of doing business to a franchisee in exchange for a recurring payment, and often a percentage of the gross sales or profits.

Demographic Profile

A statistical representation of the characteristics of a population, including age, gender, income, and education.

Target Customers

Target customers are specific groups of people or organizations a business aims to reach with its products or services, identified by certain demographics, interests, or needs.

Personality Variables

Characteristics or traits that vary among individuals, influencing behavior and outcomes.

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