Warm UpWarm Up

List the two types of mergers covered List the two types of mergers covered yesterday. Explain one. yesterday. Explain one.

Other OrganizationsOther OrganizationsCh 3 sec3Ch 3 sec3

Community and Civic Community and Civic OrganizationsOrganizations

A A nonprofit organizationnonprofit organization is in is in business to promote its members’ business to promote its members’ collective interests, not to seek collective interests, not to seek financial gain.financial gain.

Many nonprofit organizations Many nonprofit organizations incorporate to take advantage of a incorporate to take advantage of a corporation’s corporation’s unlimited lifeunlimited life and and limited liabilitylimited liability..

CooperativesCooperatives

A A cooperativecooperative is voluntary is voluntary association of people who carry on association of people who carry on an economic activity that benefits its an economic activity that benefits its members.members.

Consumer cooperativesConsumer cooperatives buy food buy food and other necessities in bulk. and other necessities in bulk. Members donate time to the co-op, Members donate time to the co-op, and members pay lower prices for and members pay lower prices for goods.goods.

A A service cooperativesservice cooperatives, such as , such as credit unions, offer services to its credit unions, offer services to its members at lower rates.members at lower rates.

Producer cooperativesProducer cooperatives help help members, such as farmers, promote members, such as farmers, promote or sell their products.or sell their products.

Labor, Professional, and Business Labor, Professional, and Business OrganizationsOrganizations

Labor unions represent Labor unions represent workers’ workers’ interestsinterests and and negotiatenegotiate with with management through management through collective collective bargainingbargaining..

Professional associationsProfessional associations set set standards for those in the profession standards for those in the profession and influence government policies on and influence government policies on issues concerning members’ issues concerning members’ interests.interests.

Professional Associations - Seeking Success

Business associationsBusiness associations are are industries or trade associations that industries or trade associations that represent represent specific kindsspecific kinds of of businesses. businesses.

Better Business BureauBetter Business Bureau, help to , help to protect the protect the consumerconsumer

All Complaints must be in writing!

GovernmentGovernment

Government plays a Government plays a direct roledirect role in in the economy when its agencies the economy when its agencies produce and distribute goods and produce and distribute goods and servicesservices to consumers such as the to consumers such as the Tennessee Valley AuthorityTennessee Valley Authority (electricity), (electricity), and the and the U.S. Postal U.S. Postal ServiceService (stamps and mail delivery).(stamps and mail delivery).

Go Postal Baby!!!

Government plays an Government plays an indirect roleindirect role when it when it regulates public utilitiesregulates public utilities or when it grants money to people in or when it grants money to people in the form of the form of Social SecuritySocial Security and and student financial aidstudent financial aid..