An association of individuals or firms formed for the purpose of performing a business function for its members is known as a _____.
A) conglomerate merger
B) cooperative
C) joint venture
D) vertical merger
E) syndicate

Question

Quizplus · Accepted Answer

A cooperative is an organization owned and operated by a group of individuals for their mutual benefit. The members of a cooperative pool their resources to obtain goods and services, often at lower prices than they would be able to obtain individually.

An Association of Individuals or Firms Formed for the Purpose