Responses
Service cooperatives help members purchase resources, market products, and sell goods.
Service cooperatives help members purchase resources, market products, and sell goods.
501(c)(3) nonprofit organizations are neither public charities nor private foundations.
501(c)(3) nonprofit organizations are neither public charities nor private foundations.
Not-for-profit organizations must not retain profits for future expenditures.
Not-for-profit organizations must not retain profits for future expenditures.
Service cooperatives provide services such as insurance and credit to members at discounted rates.
1 answer
The statement that is true is:
Service cooperatives provide services such as insurance and credit to members at discounted rates.
This accurately describes the function of service cooperatives, which aim to provide various services to their members often at more favorable terms than those available in the market.
