Examlex
Knowing this we can conclude
Goodwill
An intangible asset that arises when a business is acquired for more than the sum of its fair value of identifiable assets and liabilities, representing items like reputation or brand value.
Franchisor
The parent company that develops a product or business process and sells the rights to franchisees.
Business Process
A series of steps performed by a group of stakeholders to achieve a concrete goal, typically involving defining, measuring, analyzing, improving, and controlling processes.
Business-Format Franchising
A type of franchising in which the franchisee adopts the franchisor’s entire method of operation.
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