Econ Ch. 8 Vocab

Front

Nonprofit organization promoting a specific industry.

Back

trade association

Front

Nonprofit promoting collective business interests for a city or group of similar businesses.

Back

business association

Front

Nonprofit organization improving image, conditions, and skills in specific occupations.

Back

professional organization

Front

Institution functioning like a business, not for profit

Back

nonprofit organization

Front

Agricultural marketing cooperative that helps members sell products.

Back

producer cooperative

Front

Cooperative providing a service.

Back

service cooperative

Front

Retail outlet owned and operated by consumers.

Back

consumer cooperative

Front

Business organization owned by individuals for mutual benefit.

Back

cooperative

Front

Share of earnings as payment

Back

royalty

Front

A semi-independent business paying fees to a parent company for exclusive rights to sell a product or service in a specific area.

Back

business franchise