Mr. Gonzales wants to help fellow farmers in his community, but he is not interested in making a personal profit. His main goal is to join with other farmers so they can have better bargaining power when purchasing supplies. Which of the following business types will Mr. Gonzales MOST likely form?
A)general partnership
B)sole proprietorship
C)cooperative
D)not-for-profit corporation

Question

Quizplus · Accepted Answer

Mr. Gonzales' main goal is to join with other farmers to have better bargaining power when purchasing supplies, which is the primary purpose of a cooperative. In a cooperative, members join together to pool their resources and negotiate better prices or provide services to each other, without the intention of making a personal profit.

Mr Gonzales Wants to Help Fellow Farmers in His Community