Examlex
When the franchisor has the right to establish a semi-independent organization in a particular territory to recruit, sell, and support other franchises, it is known as a ________ franchise.
Strategic Business Unit
A division or unit within a larger company that focuses on a specific market segment or product line, operating with its own strategy and objectives.
Merit Pay
A salary increase awarded to employees based on their job performance, acting as a motivational tool by rewarding high performers.
Unit Performance
The measurement of the efficiency, effectiveness, and productivity of a specific department or operational unit within an organization.
Ownership Mentality
A mindset where employees view themselves as co-owners of the business, taking responsibility for its success and acting in its best interest.
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