The Law Dictionary

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MANAGEMENT SYSTEM Definition & Legal Meaning

Definition & Citations:

Documented, tested, step-by-step method of issue-free functioning using standard practices. Contains details on (1) enterprise management, (2) corporate policy implementation, (3) accounting, monitoring, and quality control procedures implementation, (4) selecting and developing employees, (5) selecting suppliers to get best value from them, and (6) marketing and distribution. Used primarily in franchising industry.


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