This scenario is an example of a producer cooperative. Producer cooperatives are formed by individuals who come together to pool their resources, share costs, and engage in cooperative behaviors to enhance the production and marketing of their products.
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
service cooperative.
service cooperative.
consumer cooperative.
consumer cooperative.
franchise.
franchise.
producer cooperative.
1 answer