Professional Documents
Culture Documents
Productivity Tip:
After finishing this module, write some tips on what helped you learn on your Learning Tracker in Thinking
About Learning.
A. LESSON PREVIEW/REVIEW
1) Introduction (2 mins)
Good Day my friend! Are you ready on your first ever quiz this semester? Relax! You still have to
accomplish this activity sheet and you will have your quiz on the following meeting. Let’s have a quick test if
you still remember the previous topic
1. Do you know anything about the five primary ownership types? Try answering the questions below by
writing your ideas under the first column What I Know. It’s okay if you write key words or phrases that
you think are related to the questions.
B.MAIN LESSON
1. Corporate chain: multiple stores, central ownership, and consistent standards operating on a large
scale
2. Independent store: buy products through wholesalers which apply an upcharge for warehousing and
handling product
3. Wholesaler: product distributors focused on supply chain and logistics
4. Franchise: owned by individual business owners who have contracted with larger company
5. Co-op: when several independent retailers join together to consolidate purchases, increasing buying
power
Retailer Types:
Advantages & Disadvantages
2) Activity 3: Skill-building Activities (with answer key) (18 mins + 2 mins checking)
Let’s practice! After completing each exercise, you may refer to the Key to Corrections for feedback.
Try to complete each exercise before looking at the feedback.
Direction: Complete the sentence by filling out the correct answers on the blank provided.
The ______is the person or business who owns the______which is also known as the __________
They offer the_________to the_________in return for a ________ and a ________ of the __________
The _________ will receive________ from the franchisor. They will also get all the _________and
_________ they need to run the business
Exercise 2: How well do you understand types of ownership? Try the exercise below and see if you can
give examples each. The first example has been completed for you.
Independent Retailers
Chain Stores
Franchises
It’s time to answer the questions in the What I Know chart in Activity 1.
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_________________________________________________________________________
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C. LESSON WRAP-UP
1) Activity 6: Thinking about Learning (5 mins)
A. Work Tracker
You are done with this session! Let’s track your progress. Shade the session number you just
completed.
Did you have challenges learning the concepts in this module? If none, which parts of the module helped you learn the
concepts?
__________________________________________________________________________________________________
___________
Some question/s I want to ask my teacher about this module is/are: ______________________________________
__________________________________________________________________________________________________
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FAQs
{
How do chain stores work?
Chain stores specialize in a particular product. The same product is offered in different varieties and in different
models. Thus, while a departmental store draws customers to it, chain stores approach the customers. This is
done by the opening of branches in all parts of the country.
To put it simply, in a chain business, a parent company owns all of the business locations. Whereas, as part of
a franchise, different stores or branches are owned by separate individuals, who are in charge of running them.
KEY TO CORRECTIONS
Exercise 1
The Franchisor is the person or business who owns the trade name which is also known as the franchisee
They offer the franchise to the franchisor in return for a fee and a share of the profit
The franchisee will receive support from the franchisor. They will also get all the equipment and ingredients
they need to run the business
Exercise 2
Possible answers
Independent Retailers
Chain Stores
Franchises
The franchise organization model offers the franchisee the ability to grow under a common brand and share in
the benefits of a larger group of business owners. A lower risk of failure and/or loss of investments than
if you were to start your own business from scratch.