Organizational __________ Answers the Question,"What Will We Do

question 38

Multiple Choice

organizational __________ answers the question,"What will we do?"

• A) foundation
• B) direction
• C) culture
• D) strategy
• E) mission

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Definitions:

Royalty Fees

Periodic payments made by a franchisee to the franchisor, typically based on a percentage of the franchisee's sales revenue.

Gross Profits

The total revenue from sales minus the cost of goods sold, before deducting operating expenses.

Franchisor

A business entity that grants the right to use its business model and brand to an independent operator, known as a franchisee, in exchange for a fee.

Small Business Ownership

The operation and management of a small enterprise, typically characterized by a limited number of employees and relatively low volume of sales.