Because of rising fuel costs, a group of farmers have organised a retail gasoline outlet so they can make more reasonable purchases.This type of business is referred to as a(n)

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The described business is a cooperative since it is a group of farmers working together to purchase gasoline at a lower cost. A syndicate is a group of individuals or organizations working together to achieve a specific goal, usually involving finance or investment. A joint venture is a business partnership between two or more parties for a specific project. A corporation and S-corporation are types of business structures with their own legal and tax implications, but they do not necessarily apply to the given scenario.

Because of Rising Fuel Costs, a Group of Farmers Have