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Chapter 8 Section 4 Other Organizations

Chapter 8 Section 4 Other Organizations. Javier Carriedo Veronica Peron Emely Garcia Period. 6. Business Franchise. 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.

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Chapter 8 Section 4 Other Organizations

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  1. Chapter 8 Section 4Other Organizations Javier Carriedo Veronica Peron Emely Garcia Period. 6

  2. Business Franchise • 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.

  3. Advantages of Franchises: • Management training and support • Standardized quality • National advertising programs • Financial assistance • Centralized buying power

  4. Disadvantages of Franchises: • High franchising fees and royalties • Strict operating standards • Purchasing restrictions • Limited product line

  5. Cooperative Organizations • 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 products.

  6. Nonprofit Organizations • 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.

  7. QUIZ • 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 improve?

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