Which of the following types of business organization is owned by its customers?
2019
Which of the following types of business organization is owned by its customers?
Answer: B. Retail co-operative — A Retail Co-operative is a business organization that is owned and operated by its customers. The members (customers) pool their resources to buy goods in…
- A.
Franchise
- B.
Retail co-operative
- C.
Public limited company
- D.
Partnership
Attempted by 74 students.
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Correct answer: B
A Retail Co-operative is a business organization that is owned and operated by its customers. The members (customers) pool their resources to buy goods in bulk and sell them to themselves at fair prices. Profits are shared among the members or reinvested for their benefit.
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