Question
Local craftsmen form a voluntary association, pooling resources and engaging in other cooperative behaviors to increase sales of their products. This scenario is an example of a(1 point)
Responses
consumer cooperative.
consumer cooperative.
producer cooperative.
producer cooperative.
service cooperative.
service cooperative.
franchise.
Responses
consumer cooperative.
consumer cooperative.
producer cooperative.
producer cooperative.
service cooperative.
service cooperative.
franchise.
Answers
GPT-4o mini
This scenario is an example of a **producer cooperative**. Producer cooperatives are formed by individuals or businesses that come together to enhance their production, marketing, and sales efforts, thereby increasing their overall efficiency and competitiveness.