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10 Cards in this Set

  • Front
  • Back

Business franchise

Semi-independent business that pays fees to a parent company in return for the right to sell their product in a certain area

Royalty

Share of earnings given as payment

Cooperative

Business organization that is owned and run by a group of individuals

Consumer cooperative

Retail outlet owned and operated by customers

Service cooperative

Cooperative that provides services rather than a good

Producer cooperative

Agricultural marketing cooperative that helps members sell their products

Nonprofit organization

Institution that functions as a business but does not generate profit

Professional organization

Nonprofit organization that works to improve the image, skill, and working conditions of people in a particular occupation

Business association

Nonprofit organization that promotes collective business interests for a city, state, or other areas

Trade association

Nonprofit organization that promotes the interests of a particular industry