New Vocab List

4. Giving an opportunity which is where a franchisee starts business using someone else's business/company
7. A proportionate saving in cost gained by an increased level of production
10. When a business decided to expand their business by creating new marketing strategies or innovating ideas
11. When 2 or more companies work together to achieve the same goal, but they have their own independence as they are their own organization
12. When 2 or multiple businesses combine their resources and skills and share characteristics working together to achieve a goal
13. The original business/company before franchises were developed

1. When a business expands too much that the cost per unit increases
2. An organization that has multiple assets and facilities in other countries (short form: MNC)
3. When two businesses combine or merge, or take over another business
4. A person or business that owns a franchise from another company
5. Similar, if not simply another word of acquisition
6. When 2 separate/companies combine to create a joined organization
8. When one company is taken over by another company
9. "The increase in the flow of goods, services, capital, people and ideas across international boundaries"