Cooperative
This type of cooperative is run by the workers who own and manage the business.
What is a workers' cooperative?
Public sector businesses are primarily focused on providing this instead of earning profits.
What is public service?
This factor determines whether a business can afford to purchase or rent land, buildings, or factories.
What is the cost of purchasing or renting a building, store, land, or factory?
This group wants to maximize profits and expand the company, but their goal can conflict with consumers' demand for high-quality products at low prices.
Who are the owners?
This animated character runs a fast-food empire called the "Krusty Krab."
Who is Mr. Krabs?
In a consumer cooperative, the business is owned and operated by this group.
Who are the customers?
This is the term for businesses’ long-term intentions that guide their actions and decision-making.
What are corporate objectives?
Businesses in this industry may choose to locate near their raw material sources to reduce transportation costs.
What are companies with heavy or bulky raw materials (like wood or iron)?
This group seeks higher wages and better job security, which can lead to higher costs for the company and reduced profits for shareholders.
This TV show features the tagline "You're fired!" and revolves around a business competition.
What is "The Apprentice"?
This cooperative involves businesses working together for mutual benefit, like sharing resources.
What is a joint venture cooperative?
A stakeholder is any individual or group that has this in a business.
What is an interest?
This government action offers businesses tax reductions or cheap land to encourage setting up in certain areas.
What are government incentives?
Customers demand these two things, which can conflict with the business’s goal of maximizing profits.
What are high-quality products and low prices?
In this movie, a group of salesmen compete to sell real estate leads, and one famous line is "Always Be Closing.
What is "Glengarry Glen Ross"?
This type of cooperative is a retail organization owned by independent retailers who pool their resources.
What is a retail cooperative?
A common conflict of stakeholder objectives occurs between these two groups, where one seeks higher wages, and the other seeks higher profits.
What are employees and shareholders?
These barriers, such as tariffs and quotas, may lead a company to set up operations within a country to avoid extra costs.
What are trade barriers?
This group may lose out when businesses cut costs by seeking alternative suppliers to reduce expenses.
Who are suppliers?
This billionaire entrepreneur famously said, "I would like to die on Mars, just not on impact."
Who is Elon Musk?
One major objective of cooperatives is to focus on providing this to members rather than maximizing profits.
What is service?
The objectives of public sector businesses typically align with this governmental priority.
What is social welfare?
A company may look for this factor in an area where skilled workers are abundant and wages are low to minimize costs.
What is the availability and labor cost in the area?
This stakeholder group may suffer from pollution and crowding due to business activities, experiencing negative externalities.
What is the community?
This iconic sneaker brand was created by two University of Oregon athletes and is known for its "swoosh" logo.
What is Nike?