Business Chapter 6 Flashcards
1
Q
Franchising
A
A business model where a business owner ( the franchisor ) allows another person ( the franchisee ) to trade under their name
2
Q
Retained profit
A
Profit after tax that is ‘ ploughed back ‘ into the business
3
Q
Stake
A
A financial interest in a business which entitles the investor to part-ownership’
