Examlex
Discuss control mechanisms that managers can use to monitor the performance of empowered employees.
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.
Disadvantages
Negative or less favorable aspects of a situation, plan, or decision.
Franchisee
A business owner who operates a single franchise outlet, having bought the rights from the franchisor to use the business model and branding.
Franchising
A business model where a business owner (franchisor) licenses trademarks and methods to an independent entrepreneur (franchisee) to conduct business under the franchisor's name.
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