GCSE OCR Business Studies A292 - Ownership - Other types of business organisation (including franchise)

Question 1

A marketing arrangement that allows another business to trade in the same style as an existing business

Answer 1

Franchise

Question 2

The name given to a person or business who offers to franchise to other businesses their trading methods, products and business logo

Answer 2

Franchisor

Question 3

The name given to a business or person buying a franchise

Answer 3

Franchisee

Question 4

A payment made to the franchisor based on the sales revenue of the franchise

Answer 4

Royalty

Question 5

The worldwide interdependence of business activity is known as…

Answer 5

Globalisation

Question 6

A company with facilities in several different countries

Answer 6

Multinational company

Question 7

The sector name given to business activity owned and funded by local or national government

Answer 7

Public sector

Question 8

Public corporation

Answer 8

An organisation which is owned by national government

Question 9

Private sector

Answer 9

Business owned by individuals in the pursuit of making a profit