Franchises

• Economie
• Secondary Education

Name the organization.Which type of organization is this?

Chapter 8.4

Franchises, Co-ops, and Non profits

Pages 248-251

Objectives

Explain how franchises function

Analyze the characteristics and purposes of cooperatives

Discuss the types and purposes of non profit organizations

Facts

A franchise is a business made up of semi-independent businesses that all offer the same products or services. 

Each franchisee, as the individual businesses are known,

pays a fee to the parent company in return for the right to sell the company’s products or services in a particular area.

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What are the differences between franchises
and other kinds of companies? Explain a franchising business. Also, give its disadvantages

Cooperatives

A cooperative is a type of business operated for the shared benefit of the owners, who are also its customers.

How do consumer and service cooperatives save their members
money?

Answer

They reduce prices by eliminating profit from the

cost of products or services.

Which type of co-ops prices low by purchasing
goods in large volumes at a discount price?

1. Service
2. Consumer
3. Business
4. Producer

Which among these are mainly owned and operated by the producers of agricultural products?

1. Service
2. Consumer
3. Producer
4. Business

How does the purpose of a cooperative differ
from that of a professional organization?

What is the purpose of a service cooperative?

In the groups:

Find out different types of non profit organizations .Classify them according to their services.

Helping society can be big business. The largest nonprofits generate annual revenues in the billions of dollars. Even small nonprofit organizations can make as much money as many for-profit businesses. Nonprofits employ professional managers, accountants, and marketers, just as any other business would. Should the chief executive officer (CEO) of a nonprofit with $500 million in annual revenue be paid the same salary as the CEO of a for-profit company with the same amount of revenue? Explain your answer. ​

Answer here.

How do nonprofits get the money needed to pay the people who work for them and to provide services?​

Give the main terms of the lesson.