Examlex
In a SWOT analysis,which of the following refers to factors in the external environment?
IFRS
International Financial Reporting Standards, a set of accounting principles that dictate how companies' financial statements are prepared.
Initial Franchise Fee
A one-time payment made by a franchisee to the franchisor when a new franchise agreement is signed, covering rights to use trademarks, systems, and support.
Substantial Performance
A legal principle indicating that a party has fulfilled enough of its contract obligations to warrant payment, despite minor issues.
Employee Training
Programs and activities aimed at increasing the skills, knowledge, and competencies of employees to improve their performance and efficiency.
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