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Co-operatives and Franchises +MNC's

AB
Consumer co-operativea business owned by customer shareholders and which aims to maximise benefits for its customers
Worker co-operativea business organisation owned by its workers who run the business and share the profits between them
Franchisethe right given by one business to another to sell goods using its name
Franchiseea business which agrees to manufacture, distribute or provide a branded product
Franchisorthe business which gives franchisees the right to sell its product, in return for a fixed sum of money or a royalty payment
Multinational companya business which operates in more than one country
Parent companya company which owns and controls other companies
Shareholdersthe owners of a company

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