Kim, Sandra, Jerry, and Wilma belong to a business that buys groceries in bulk, then distributes them to members. This type of business is called a
A) cooperative.
B) quasi-government corporation.
C) producer cooperative.
D) buying corporation.
E) consumer corporation.

Question

Quizplus · Accepted Answer

A cooperative is a type of business organization where people voluntarily come together to meet their common economic, social, and cultural needs and aspirations through a jointly-owned and democratically-controlled enterprise. In this scenario, Kim, Sandra, Jerry, and Wilma come together to buy groceries in bulk and distribute them to members, which is a typical function of a cooperative. The other options, such as quasi-government corporation, producer cooperative, buying corporation, or consumer corporation, do not accurately describe the nature of this type of business.

Kim, Sandra, Jerry, and Wilma Belong to a Business That