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other ownerships

franchises, co-operatives, public corporations

QuestionAnswer
what is a franchise? the right to sell another firm's products
what are dealer franchises? franchises which trade under their own name, but advertise that they sell a particular manufacturer's products
what is an example of a business which sells their products through dealer franchise? car manufacturers
what are branded franchises? franchisee buys the right to trade under the name of the other firm (the franchisor, sells the right)
what is an example of a business which sells their products through branded franchise? big firms in fast-food industry
what is a benefit for the franchisee? they are buying the rights to sell an established product, which makes setting up a franchise less of a business risk than selling something brand new
what is a problem for the franchisee? can only sell the products of the franchise, meaning the owner's freedom is limited
what is a benefit for the franchisor? can increase their market share without increasing the size of their own firm, meaning it is a very profitable way to expand
what is a problem for the franchisor? little control over how the franchisee sells their products
what is a co-operative? business which works like a limited-liability partnership
what is a producer co-operative? business owned and controlled by their workforce
what is a retail co-operative? business owned and controlled by their customers
what is a benefit of co-operatives? should be no conflict between the main stakeholders as they are the same people
what is a problem of co-operatives? only main source of finance are the owner's capital and retained profits, which makes it harder for the co-operative to expand
what are public corporations? businesses which are owned and funded by the government
what does a public corporation have? board of governors who are appointed by the government
what is an example of a public corporation? BBC
what is the main source of funds in a public corporation? government grant, paid for by the license fee. however, the BBC is encouraged to generate its own funds by selling goods and services for a profit.
what makes it easier for public corporations to satisfy all stakeholders? the fact that they don't need to make a profit, so instead they follow objectives set by the government
Created by: jirwin
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