Chapter 8 Section 4 Other Organizations

Javier Carriedo
Veronica Peron
Emely Garcia
Period. 6
Business Franchise: a semi-independent
business that pays fees to a parent company in
return for the exclusive right to sell a certain
product or service in a given area.
Parent companies are called franchisers.
Management training and support
Standardized quality
National advertising programs
Financial assistance
Centralized buying power
High franchising fees and royalties
Strict operating standards
Purchasing restrictions
Limited product line
Cooperative = a business organization owned
and operated by a group of individuals for
their mutual benefits.
Consumer Cooperative = retail outlet owned
and operated by consumers.
Service Cooperative = cooperative that
provides a service, rather than a good.
Producer Cooperative = agricultural marketing
cooperative that helps members sell their
Nonprofit Organization = institution that functions
much like a business, but does not operate for the
purpose of generating profits.
Professional Organization = nonprofit organization
that works to improve the image, working conditions,
and skill levels of people in particular occupations.
Business Associations = nonprofit that promotes
collective business interest for a city, state, or other
geographical area, or for a group of similar businesses.
Trade Association = nonprofit organization that
promotes the interest of a particular industry.
Labor Unions = an organized group of workers whose
aim is to improve working conditions, hours, wages,
and fringe benefits.
Parent companies are called what?
What are two advantages of a franchise?
What are two disadvantages of a franchise?
What do service cooperative businesses provide?
What don’t they provide?
What are two things that labor unions aim to

similar documents