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An organization set up "under license" to use an established business name is typically a franchise. In a franchise arrangement, the franchisee pays fees and royalties to the franchisor in exchange for the right to operate under the franchisor's brand and business model. This allows the franchisee to benefit from the established reputation and support of the franchisor while running their own business.

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What is the purpose of better business bureaus?

The Better Business Bureau was established in 1912 to help consumers trust businesses. By agreeing to adhere to the bureau's ethical rules, the business is guaranteed to be a trustworthy place for customers to do business.


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Raytheon, an aerospace company, joined the appliance business through its acquisition of Amana in 1965 and produced refrigerators and other products under that established brand name


Explain what are the types of business organisation?

Answer:=1. Proprietorship - run by a single entity and has limited financial support in his/her business.== 2. Partnership - same as proprietorship but run by more than one entity.== 3. Corporation - run under the law of a particular country and has a separate legal collection of taxes.=


Can you Outline and explain the different types of business organisation in the business environment?

there are two mainly tyapes of bte business organization namely privately owned and public owned business. in private ownsd business organization are three tyapes namely solepropriator business organization this is one whicha is owned by an individual alone especially family business as an example then the second is partirnership business organization this is the one in which people with same concern join to make a business operation intending to earn profit and the last is joint stock company in this business operates distinctly from owners this means the business is operated under the three documents which are the constitution governing the business one article of association secondly memorandum.


Example of line and staff organization?

Line Organisation. This is the oldest as well as the most common type of organisation. It i still used by many concerns especially the small ones. It is also known as the "Military System" as this type of organisation is usually found in the army. The characteristic feature of this type is that line of authority flows verticallty form the top most executive to the lowest subordinate throughout the entire organisational structure. The authority is greatest at the top and reduces through each successive level down the organisational scale. A variation of the pure line organisation is the departmental line organisation, under which the business enterprise is divided into several departments and the authority flows downward from the General Manger through the departmental managers to the lower subordinates. The departmental heads are independent of each other and enjoy equal status.

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