In which of the following business units are the owners mostly the customers?

Answer Details

In co-operatives, the owners are mostly the customers. A co-operative is a type of business unit that is owned and democratically controlled by its members, who are also its customers. The main purpose of a co-operative is to provide goods and services to its members at a fair price, while also generating a profit. The members of a co-operative are usually individuals or businesses that have a common interest or need, and they pool their resources to form the co-operative. Each member has an equal say in the management and decision-making of the co-operative, regardless of the amount of money they have invested or the number of shares they own. Therefore, in a co-operative, the owners and customers are often the same people.