Examlex
________________are business decisions taken at particular points in time by different people in
response to sets of perceived environmental factors
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.
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.
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