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

Question

service cooperative.
producer cooperative.
consumer cooperative.
franchise.

Answer 1

This scenario is an example of a producer cooperative. Producer cooperatives are organizations formed by groups of producers (in this case, local craftsmen) who come together to improve their market position, share resources, and increase sales of their products.