________________Are Business Decisions Taken at Particular Points in Time by Different

question 1

Short Answer

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

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Definitions:

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.