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10 Cards in this Set
- Front
- Back
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Business franchise |
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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Royalty |
Share of earnings given as payment |
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Cooperative |
Business organization owned and operated by a group of individuals for their mutual benefit |
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Consumer cooperative |
Retail outlet owned and operated by consumers |
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Service cooperative |
Cooperative that provides a service, rather than a good |
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Producer cooperative |
Agricultural marketing cooperative that helps members sell their products |
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Nonprofit organization |
Institution that functions much as like a business, but does not operate for the purpose of generating profits |
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Professional organization |
Nonprofit organization that works to improve the image, working conditions, and skill levels of people in particular occupations |
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Business association |
Nonprofit organization that promotes collective business interests for a city, state, or other geographical area, or for a group of similar business |
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Trade association |
Nonprofit organization that promotes the interests of a particular intudstry |
