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Jade,Kelly,and Lila Organize a Nonprofit Business-JKL Markets,Inc

Question 42

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Jade,Kelly,and Lila organize a nonprofit business-JKL Markets,Inc.-to buy groceries from wholesalers and sell them to consumers who buy a membership in JKL.Because the firm is a nonprofit entity,it is able to sell the groceries for less than a commercial grocer could.What form of business organization is JKL Markets? Is it significant that JKL is incorporated?

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JKL Markets is a cooperative.A cooperati...

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