What Is The Advantage Of Cooperative Business?


3 Answers

Lily James Profile
Lily James answered

Cooperative Business is an association of people who are united voluntarily to meet common social, cultural and economic needs. This is done by a jointly owned enterprise.

There are many advantages of Cooperative business such as:

- It serves the interest of the members rather than the capital invested.

- It promotes self help, self responsibility and self organization.

- It is considered as a more stable form of business.

- This kind of business is more responsible to the customers.

- This kind of organization gives more job satisfaction and variety.

Anonymous Profile
Anonymous answered
Limited company meaning more money invested into the business

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