Which of the following are organizations formed by individuals or businesses with similar interests to achieve greater economies of scale and economic power through collective ownership?
A) franchises
B) joint ventures
C) limited partnerships
D) cooperatives

Question

Quizplus · Accepted Answer

Cooperatives are organizations formed by individuals or businesses with similar interests to achieve greater economies of scale and economic power through collective ownership. Franchises are business arrangements where a franchisor grants the right to operate a business using its trademark and business system to a franchisee. Joint ventures are temporary business partnerships formed for a specific project or purpose. Limited partnerships are partnerships where there are general partners who manage the business and limited partners who invest but do not participate in management.

Which of the Following Are Organizations Formed by Individuals or Businesses