David Barton | What Is A Cooperative Flashcards
1
Q
What type of political and economic systems are cooperatives widely used?
A
Democratic, capitalistic and market based economies
2
Q
Five types of private business
A
Cooperative Corporation Limited Liability Companies Proprietorship Partnership
3
Q
Why are cooperatives popular among farmers?
A
They help producers assure markets and supplies, achieve economy of scale, gain power
4
Q
User
A
Someone who utilizes the cooperative, whether it’s buying or selling transactions
5
Q
Consumer
A
Someone who uses the cooperative by buying the products and services it offers
6
Q
Member
A
A user who has the right to vote on important affairs of the cooperative
7
Q
Owner
A
A user who makes an equity investment (stock/share) in the cooperative
8
Q
Benefits of being a user
A
Purchasing or selling transaction that brings the user profit, having access to those goods and services
