Twenty-six years ago,several small vineyard owners in the Niagara region joined voluntarily to market their grapes and wine in an attempt to get better prices.Over the years,they expanded the organization to include other services such as buying and selling farm supplies and equipment and providing financial and technical services.The arrangement established by these vineyard owners is an example of a:

Question

Quizplus · Accepted Answer

The arrangement established by the vineyard owners is an example of a co-operative, which is a type of organization formed by individuals or businesses with similar needs that join together voluntarily to achieve a common goal, such as better prices for their products or services. The fact that the vineyard owners expanded the organization to include other services suggests that it is a co-operative that has grown and diversified over time. The other options (B, C, and D) do not accurately describe the nature of the arrangement established by the vineyard owners.

Twenty-Six Years Ago,several Small Vineyard Owners in the Niagara Region