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If a policy is carried out by a rule, then we have an example of
Strategic Planning
Developing long-term actions to achieve a company’s objectives.
Decentralization
The distribution of decision-making powers away from a central authority to lower or local levels of an organization, government, or entity.
Operative Costs
Expenses associated with the day-to-day operations of a business, including salaries, rent, and utilities.
Franchise
A type of license that a party (franchisee) acquires to allow them to have access to a business's (franchisor) proprietary knowledge, processes, and trademarks to sell a product or provide a service under the business's name.
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