Conflict Is Both Good and Bad for Organizations

question 66

True/False

Conflict is both good and bad for organizations.

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Definitions:

Franchising

A business model that allows individuals to operate their own outlets of a larger chain, sharing in the brand, products, and operational support.

Royalties

Payments made to the original creators or owners of intellectual property for the right to use their work.

Franchisor

A business entity that grants the right to use its brand, products, and operational model to an individual or company (franchisee) in exchange for a fee.

Entrepreneurship

The act of creating, managing, and running a business venture in order to earn profit by taking various risks in the corporate world.