What was an established and regulated exchange for business between buyers and sellers on a regular basis?
) Am beginning with a smile because i asked the same question to my business teacher when i was in form 4 and i will answer you exactly as she answered me. The difference between business (transaction) and business organization can be understood by defining business and an organization. A business - is a process of going into a transaction with a customer (either buyer or business partner), to purchase your good or services. it…
Franchising is a business model that involves purchasing a license to perform a specific, established project that normally includes the use of well-known trademarks, merchandise, signage, software and a pre-established business system to support your business success. There are advantages and disadvantages between selecting to launch your business concept and buying into an established franchise.