Explain the Difference Between the Standard of Care That Is

question 73

Short Answer

Explain the difference between the standard of care that is applied to average members of society and the one that is applied to persons who have specialized training.

Analyze the evolution of disclosure statements in franchising regarding their complexity and language.

Understand the legal and financial obligations of a franchisee, including advertising and royalty fees.

Evaluate personal readiness and suitability for franchising as a route to small business ownership.

Recognize the major disadvantages and challenges that may face a franchisee.

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Definitions:

Strategic

Pertaining to the identification and prioritization of long-term or overall aims and interests and the means of achieving them.

Predicting

The act of making educated guesses about future events based on available data or trends.

Expert Forecasts

Predictions or assessments about future events or conditions made by individuals with specialized knowledge in a particular area.

Future Human Resource

Anticipating and planning for the evolving needs, challenges, and technologies in managing an organization's workforce effectively in the future.