Ch+8.4

Ch 8.4 notes questions

__Business Franchise__ __Cooperative organizations__ __Nonprofit organizations__
 * business franchise- is a semi independent business that pays fees to a parent company
 * royalties a charge of franchise owners a share of the earnings
 * cooperative is a business organization owned and operated by a group of individuals for their shared benefits
 * consumer cooperatives sell merchandise to their members at reduced prices
 * service cooperatives are cooperatives that provide a service rather than goods
 * producer cooperatives are agricultural marketings that help members sell their products
 * Nonprofit organizations are usually in the business of benefiting society
 * professional organizations works to imporove the image, working conditions, and skill levels of people in particular occupations
 * business associations promote the collective busniess intertest of a city state or other geographical area or of a group of other similar business
 * trade associations - nonprofit organzations that promote the interests of particular industries

Questions #1-6


 * 1) is business franchise works by a semi independent business pays fees to a parent company
 * 2) royalties are a charge of franchise owners a share of the earnings
 * 3) A cooperative is a business organization owned and operated by a group of individuals for their shared benefits
 * 4) consumer cooperatives sell merchandise to their members at reduced prices,service cooperatives are cooperatives that provide a service rather than goods and producer cooperatives are agricultural marketings that help members sell their products.
 * 5) Nonprofit organizations don't operate for the purpose of generating profit
 * 6) the provide support to particular occupations or geographical areas