Examlex
Barriers to effective teamwork fall within four categories: (1) lack of management support, (2) lack of resources, (3) lack of leadership, and (4) lack of training.
Gross Profits
The total revenue from sales minus the cost of goods sold, before deducting operating expenses.
Franchisor
A business entity that grants the right to use its business model and brand to an independent operator, known as a franchisee, in exchange for a fee.
Small Business Ownership
The operation and management of a small enterprise, typically characterized by a limited number of employees and relatively low volume of sales.
Franchising
A business model that allows individuals or entities to operate a store or restaurant by licensing a brand and business system from a franchisor.
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