Understanding Business
Understanding Business
11th Edition
ISBN: 9780078023163
Author: William G Nickels, James McHugh, Susan McHugh
Publisher: McGraw-Hill Education
bartleby

Concept explainers

Question
Book Icon
Chapter 5, Problem 5DWS
Summary Introduction

To discuss: Formation of the company W, who belongs to it and the way it operates.

Introduction: When several people pool their resources to work together and have mutual interest and gains and such business is owned and operated by the user of the business, it is known as cooperative.

Blurred answer
Students have asked these similar questions
1. Describe the type of cooperative and the nature of operations of CASCOFAMCO?2. What is the reason why this cooperative encountered financial distress and losses and discuss how did they recover and grow?3. Discuss what are the inventions made by the government to help the cooperative grow?4. Based on your analysis of this cooperative, what is the most important characteristic of the members that made this cooperative a success and why?
2. Can we call someone an entrepreneur if they bought an ongoing business from someone else or took over the operations of a family business from their parents? Disscuss
Which business organization entity is preferable for the following business: local family owned and operated farmer’s market in Small Town, USA; purchases produce from local farmers/growers; parents are financing venture; five children are to run business and conduct daily operations? Explain your answer.
Knowledge Booster
Background pattern image
Management
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, management and related others by exploring similar questions and additional content below.
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
Foundations of Business (MindTap Course List)
Marketing
ISBN:9781337386920
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning
Text book image
Principles of Management
Management
ISBN:9780998625768
Author:OpenStax
Publisher:OpenStax College