Essentials
What are the most common franchised businesses.
Fast-food restaurants.
a business made up of semi-independent businesses that all offer the same products or services
Franchise
List two examples of nonprofit organizations
American Red Cross, and the American Bar Association.
What type of business is Wendy's
A franchise.
What is the difference between a nonprofit organization and a cooperative
nonprofit organization cannot distribute profits to members or investors, while a cooperative corporation generally distributes profits based on members' participation
What are the most common nonprofit organizations
charities are the most popular type of nonprofit.
A business that aims to benefit society, not to make a profit.
Nonprofit Organization
List two examples of a cooperative
Select Machine Inc. & Equal Exchance
What type of business is Stan and Lee's Office Products
cooperative
What is the difference between a cooperative and a franchise
The difference between Franchise and Cooperative is that the franchise is owned by a franchisee, a third party. Whilst a cooperative is a business operated for the shared benefit of the owners, who also are its customers.
What are the most common cooperatives
worker, producer, service, housing, and retail cooperatives.
a business operated for the shared benefit of the owners, who also are its customers.
Cooperative
List two examples of franchises
McDonalds & Burger King
Your local charity would be and example of
a nonprofit organization
What is the major difference between a franchise and a nonprofit organization?
A franchise makes money whilst a nonprofit organization does not.
A semi-independent business that buys the right to run a franchise.
Franchisee