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Apply the Steps of Franchise Selection to Your Business Idea

question 40

Essay

Apply the steps of franchise selection to your business idea. Identify the most critical steps for your situation and how these issues would help you determine the best franchise opportunity.


Definitions:

Internal Factors

Refers to influences within an organization that affect its operations and performance, such as company culture, employee skills, and management styles.

Human Resources Strategies

Plans and approaches developed to manage and develop an organization's workforce effectively, aligning HR functions with overall business objectives.

Technology

The application of scientific knowledge for practical purposes, especially in industry.

Unethical Business Practices

Behaviors or decisions by businesses that are morally wrong, illegal, or violate professional standards.

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