6.other Types Of Business Organisation Flashcards
1
Q
Franchise
A
Marketing arrangement that allows another business to trade in the same style as existing business
2
Q
Franchisor
A
Name given to person or business who offers to franchise to other businesses its trading methods, products or business logos
3
Q
Franchisee
A
Name given to a business or person buying a franchise
4
Q
Royalty
A
Payment made to franchisor based on the sales revenue of the franchise
5
Q
Globalisation
A
Word wide interdependence of business activity
6
Q
Multinational company
A
Company with facilities in several different countries
7
Q
Public sector
A
Business activity which is owned and funded by local or national government
8
Q
Public corporation
A
Organisation which is owned by national government
