Question

Cooperatives save members money by
Responses

purchasing supplies and services as a group.
purchasing supplies and services as a group.

securing financing from banks as a group.
securing financing from banks as a group.

charging more to sell their products as a group.
charging more to sell their products as a group.

sharing all profits democratically as a group.

Answer 1

purchasing supplies and services as a group.

By pooling buying power, cooperatives obtain bulk discounts and lower prices on inputs and services, which reduces costs for individual members.