Essay on Many: Nonprofit Organization

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Business franchise: A semi-independent business that pays fees to a parent company in return for the exclusive right to sell a certain product or service in a given area.
Mc Donald's is an example of a business franchise, with individual restaurants paying to the parent company.
Royalty: Share of earnings given as payment.
There are many types of royalties, including copyright loyalties, patent royalties, and license agreements.

Cooperative; A business organization owned and operated by a group of individuals for their mutual benefit
Worldwide, some 800 million people are members of cooperatives

Consumer cooperative: Retail outlet owned and operated by consumers.
A form of free enterprise oriented toward service rather than profit is described as a consumer cooperative

service cooperative: A service cooperative is one that provides a service, rather than a good
Often agricultural seed companies and farm implement companies will form a service cooperative to give advice and information to farmer

producer cooperative: Agricultural marketing cooperatives that help members sell their products.
A producer cooperative is an organization that works together to buy goods at a better price

nonprofit organization: An institution that functions much like a business, but does not operate for the purpose of generating profits.
A nonprofit organization may be involved in a wide range of areas relating to the arts, social issues, charities, early childhood education, healthcare, politics, religion, research, sports or some other
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