Adam Sauer Lianeth Gomez Chapter 8 Section 4

Class work Questions 1-name the advantages of franchises 2-name the disadvantages of franchises 3-what is a labor union? 4-what are royalties? And co-operatives?

Class work answers 1- management training and support, standardized quality, national advertising programs, financial assistance, and centralized buying power. 2- high franchising fees and royalties, strict operating standards, purchasing restrictions, and limited product line. 3- A labor union is an organized group of workers, whose aim is to improve working conditions,hours,wages, and fringe benefits. 4-a royalty is a share of earnings given as payment, a co-operationg is a business organization owned and operated by a group of individuals for the shared benefit

Quiz questions 1-what advantages do co-ops offer consumers? 2-what might motivate volunteers? 3-What is a non profit organization 4-how does a business franchise work? 5- what do many non profit organizations serve?

Quiz answers 1- the advantages they serve consumers are, consumer cooperatives, service cooperative and producer cooperatives 2-what might motivate volunteers is their skill levels will grow, shows them how to improve their image, and shows them work conditions. 3-a non profit organization is an institution that functions much like a business, but does not operate for gaining money. 4- business franchises works by semi- independent business pay fees to parent companies in return, parent companies are allowed to sell a certain product or service in a certain area. 5-many non profit organizations function much like a business, but don’t do it for profit, usually operate to benefit society.