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

Question

Quizplus · Accepted Answer

A cooperative is a type of business where a group of individuals or businesses come together voluntarily to pool their resources in order to achieve mutual benefits, such as lower costs or increased marketing power. In this scenario, the group of farmers have organized a retail gasoline outlet as a cooperative in order to make more reasonable purchases of fuel due to rising costs.

Because of Rising Fuel Costs, a Group of Farmers Have