other organizations Flashcards
business franchises
a semi-independent business that pays fees to a parent company for the executive right to sell certain product or service in a given area
five advantages of franchises
management training and support
standardized quality
national advertising program
financial assistance
centralized buying power
four disadvantages of franchises
high franchise fees and royalties (earnings given up as payment)
strict operating standards
purchasing restrictions
limited product line
cooperatives
a business organization owned and operated by a group of individuals for their mutual benefit
consumer cooperative
retail outlet owned and operated by consumers (sam’s club)
service cooperative
provided a service rather than a good (credit union)
producer cooperative
agricultural cooperative that helps members sell their products
non-profit organizations
institution that functions much like a business, but does not operate for the purpose of generating profit (churches, red cross, hospitals, ymca)
professional organizations
works to improve the image, working conditions, and skill level of particular people in particular occupations (ada, aba)
business organizations
promotes collective business interests for a city state or other geographic area (better business bureau(
