Cooperatives



Cooperatives

Common in agriculture and retailing

All members can contribute to the running of the business, sharing workload, responsibilities and decision making.

Advantages

  • Buying in bulk
  • Working together to solve problems and take decisions
  • Good motivation of all members

Disadvantages

  • Poor management skills
  • Capital shortage cause no sales of share to the non member general public is allowed
  • Slow decision making





Rating 3.00 out of 5


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