Toshkent m oliyainstituti

Task 3.Give your idea on the topic:
“Information and communication technology”

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What are the 5Ps of marketing?
Task 2. Read and retell the text.
A cooperative is a business firm owned and, in many cases, operated by its 
members. To start a cooperative, a group of people apply for a charter from the state 
government. After the charter has been given, a board of directors is elected. 
Managers and staff members are hired or appointed to operate the business.A 
cooperative, unlike a corporation, is not set up to make a profit. Rather, its purpose 
is to help its members get the best prices. A cooperative helps its members buy or 
sell at a lower prices through working together. If the cooperative sells products for 
its members, it attempts to get a good price by selling in large quantities. If it buys 
goods for its members, it attempts to get a low cost by buying in large amounts.
Insurance companies, electric power companies, savings and lending 
agencies, agricultural buying and selling organizations, bookstores, apartment 
buildings, and even restaurants may be cooperatives. The largest numbers of 
cooperatives are credit unions, in which members can save and borrow money. 
Credit union membership is usually available through the company, agency, or 
organization in which a member works. A franchise is a grant or right to sell some 
other company's product or service within a given area or territory. A franchise is 
not so much a business as a method of doing business. It permits people to organize 
as a sole proprietorship, a partnership, or a corporation. The individual or individuals 
enter into an agreement to sell another company’s product or service in one area. 
The franchise agreement spells out the duties of both parties. The person or persons 
agree to certain ways of running the business in return for help from the parent 
company selling the franchise. Many restaurants, motels, and small shops are 
operated as franchise.