People who form cooperatives:

A. dislike the notion of having owners, managers, and customers as separate individuals with separate goals.
B. see competitive behavior as the key to ensuring rapid economic growth.
C. want to find a way to supply basic necessities free of charge to everyone.
D. believe the government should play a larger role in the economy.

Question

09-08-2024
Business

Answered

People who form cooperatives:

A. dislike the notion of having owners, managers, and customers as separate individuals with separate goals.
B. see competitive behavior as the key to ensuring rapid economic growth.
C. want to find a way to supply basic necessities free of charge to everyone.
D. believe the government should play a larger role in the economy.

Answer :

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GinnyAnswer GinnyAnswer · Answer 1 · 2024-08-09T14:22:23-04:00

Final answer:

Cooperatives are economic groups that involve profit-sharing and democratic decision-making. They contribute to local communities and promote cooperation alongside competition for collective benefits.

Explanation:

Cooperatives are economic groups where members share profits and decision-making democratically. They play a significant role in local communities by keeping profits local and providing a space for business and social interactions.

Membership in a cooperative involves benefits and responsibilities like receiving patronage in proportion to use and aligning business strategies with customer needs.

Cooperatives help maintain competition by being cost-efficient while promoting cooperation and sharing among individuals for the collective good.

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