1.4.2 Types of business organisation Flashcards
1
Q
Franchise
A
a business based upon the use of the BRAND names, promotional LOGOS and TRADING METHODS of an EXISTING SUCCESSFUL business
2
Q
Joint venture
A
s where two or more businesses start a NEW PROJECT together, sharing capital, risks and profits.
3
Q
advantages of joint venture
A
- share costs
- share knowledge
- share risks
4
Q
disadvantages of joint venture
A
- share profits
- might occur disagreement
- might have different ways of running business
5
Q
public corporations
A
a business in public sector that owned and controlled by government
